12-16-2012 11:49 AM
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.
12-16-2012 12:00 PM
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.
12-16-2012 12:01 PM
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.
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12-16-2012 12:05 PM
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.
12-16-2012 12:19 PM
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.
12-16-2012 01:28 PM
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%.