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I have only let American Express report a balance one time since I have been with them over the past year. My Gold Card reported a balance of 2097.00 and it took those SOBS two and half months to report my balance back to zero dollars. I let the Blue report of balance of 1051.00 and it quickly reported the balance of zero dollars within a month.
My advice would be to let it report a balance one time and then pay in full every month before the billing cycle arrives. The one thing that I can tell you is that I got a nice score jump when my Gold went back to zero.
A lot of people might not do it my way when it comes to credit, but I like to get a card near the max and pay it down half way and then close to zero. I like creditors to see that I can have a 6000.00 credit card bill and pay it off versus seeing a high balance of 400.00 dollars on a 10000.00 credit card.
Show them you know how to use it in a responsible fashion! Oh and as for the question it seems that it did hurt my util, however, on the other side of the coin I got a credit score boost for some odd reason.
Good Luck--TheTaxMan
Amex util is only counted if bal over $30k, otherwise it's by effective balances only.
Total Revolving Balances (Amex balance will show up here)
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Total Credit Lines (But not here)
So your util will be higher with Amex with a balance since they can't count the credit line.
This is per FICO supervisor.
-Leggo