Credit Cards

[masscredit]

Between Christmas shopping and the special offer that Target had ($10. gift card when you spend $50.), my cards are getting some heavy use this month!  I'll keep track of it but I'm not going to worry about it.  I'll move funds around and have a plan to pay them down when the new statements arrive in January. 

[09Lexie]

My util will be almost 70% on one card but I have managed to PIF2 of my store cards and the util on the other 2 will be 1% after all the CLI's and balances update this month.  In January, I will pay down the high util card (too late for Dec it was the one card with an early cut-off) to its normal 2%.  

I have a plan - kinda upset about that one card but it couldn't be helped. 

[creditnocash]

what's your current util? 

a few extra bucks is nothing to worry about. 

as long as you have the funds too pay it off . 

unless your 65%+ total i wouldnt think twice about it 

util only really matters when your applying for new credit and you want too squeeze those extra points out. 

[BlueNightStar]

Same here I've already seen my first 5 point drop on EQ for the first balance reporting. Keeping it in perspective - a year ago at this time my utilitzation was at 34% with 3 of my 4 major CCs almost maxed out. I was in the middle of a 3 year debt payoff. I have since paid off everything except 1 card which I was able to BT to a 0% card at my CU.

As long as I don't pay any interest and don't max out my cards, I'm considering it a good holiday.

[TNTransplant]

Yep, mine will be jumping, too.  I had to make a large purchase on my CSP to meet the spend requirement (yes, it was planned), but the statement will cut and report before I get it paid.  Oh well, it should return to normal when everything updates/reports in January.  I'm not stressing about it, as I'm in a much better place financially than I was at this time last year.

[masscredit]

I haven't run the numbers but I'd say my utilization probably jumped up by about 25%. I only had credit lines totaling $1800. the end of last year and now I'm up to $9350. the end of this year. A nice jump in a year. I'll pay those cards down in the next few months and be back to my normal 10-15%.