I would advise her to pay off all of that balance, as much as she can afford to - whenever she can afford to at this point.
3.99% is profit for Amex each month off the balace, so ideally that should be the lowest possible balance to charge on
Plus remember FICO factors in "payment history" - utl below 10% consecutively for 6 months will make your Amex internal history EXCELLENT!!
I know, I was approved for Blue for Students last year pif each month, didnt charge more than 9% of my CL, in 3 months auto CLI off button for $5000+ and just 2 months ago Upgraded to BlueCash with auto CLI of 10k more so total $20k now =D
I am 21, full time student! so Amex VALUES PIF each month
-corrected a typo
netpanther wrote:I have had mine less than a year and between the two am at 13,000 in combined credit- but I have been on the conservative side to not appear that greedy.
Thanks to both of you. The fun thing is, she has no idea what her scores are. She's never pulled them. Good point about new cards looking at existing CL's! I'll tell her that; otherwise, she'll probably never bother to ask for CLI's.
What about new purchases? Would Amex think it was good / bad / who cares if she made new charges (and PIF'd) while paying off a BT? She has 0% on new purchases for the first 6 months. She is an amazing cheapskate, so we're probably talking a tank of gas a month.