03-17-2013 04:33 PM
I have a new AMEX Delta card. I dont like to carry a balance, however I like to charge on the card and pay that balance off a throughout the month. I am okay to keep doing this or am I better to wait until the billing cutoff and then pay off? How will AMEX view this for a CLI, I believe that I should still be earning the miles either way. What would you do?
03-17-2013 04:38 PM
03-17-2013 04:40 PM
they don't care as long as your paying off the balance doesn't matter how many times a month you pay. Although if you have a $5,000 limit and your charging and paying off more than that each month then it could be a good reason to ask for a CLI in the eyes of a rep.
Personally I make about 5 payments a month to each credit card I use a lot I'm just weird, but I have no problem getting new cards and nice credit limits as you can see from my signiture =) I have a very short AAOA less than 2 years, and I'm still getting approved for just about everything I'm applying for.
03-17-2013 06:10 PM
Why would you go through the hassel of paying multiple times unless you are hitting your credit limit, Charge away... let the money sit in an account earning interest... and PIF 2-3 days before the due date... As long as your monthly spend doesn't put you over 30% utilization you will be fine!
03-17-2013 06:31 PM
03-17-2013 06:34 PM
Let your money work for you. Keep the money in the bank and PIF just before statement cut if you want "0" reporting. Every little bit helps and is good practice for yielding the highest returns. JMHO. :-)
And to add to that there is really no point in having 0 reporting unless you are going to app for another credit card before your next statement cuts.
03-17-2013 06:35 PM