question about utilization.

[Anonymous]

Hi everyone

I have put 15K on credit card my limit is 17K on AMEX SPG.  I know my utilization ratio will be way up if it do this.  But If I pay off the balance as soon as it posts.  Will the high utilization ratio go to credit bureau even tough I will pay it off very quick..

Thanks

[dharalex]

The bad: the utilization will be recorded if you don't pay the balance before the next statement generates, and that will hurt your score. The good: once you pay it down, your score will rebound the next time Amex reports.

[Anonymous]

I will not let balance sit there till next statement.  If I pay it off immediately.  Will that be ok???

[dharalex]

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@Anonymous wrote:

I will not let balance sit there till next statement.  If I pay it off immediately.  Will that be ok???

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Yes...