Hey everyone!
I was not working for the last 2 months and I did not cut my expenses as much as I should have so I am officially in debt for $1,770 (= I don't have the money to pay it back today nor will have it next month) but I got a new two weeks ago (yay!)
I basically carry around 10% on all of my credit cards and I don't think I feel ok with it.
I was thinking on using my Discover intro APR to put the credit cards I don't use back to a $0 balance (Delta, US Air, Freedom, BofA, EveryDay already has a 0 balance) since I am using CSP and PRG but I do have the money to pay them back.
I am mostly worried since we know AmEx hates when we carry balance (so I want to pay them back) and I love my CSP and I don't want the balance on it to annoy Chase and then they AA my accounts.
I know I am getting SP once a month with Chase, Amex and Barclays so my question is:
My utilisation will stay on or under 10%, is that ok that
- I carry a $1,750 on my Discover credit card (limit is $4,000)
- I carry NO balance on: Delta, Freedom, EveryDay, US Airaways and BofA
- I let the CSP report the balance I canwillpay in full ($600ish)
- I let the PRG report the balance I will pay in full ($700ish)
Total credit lines: $30.5k Util: 10%.
It's just easier for me to switch back to using 2 accounts (CSP/PRG) pay them in full and pay an extra $300 a month on Discover to go back to a $0 balance after 6 months.
Also, I think that it's better to pay one account off $300 at the time instead of paying 2X minimum due on each accounts..
What would you do?
