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I'm confused about utilization - clarification please!

Regular Contributor

I'm confused about utilization - clarification please!

I have a new CC with a $1100 CL.  Suppose I charge $300 and pay $201 before my statement is printed (according to AMEX my statement will print the 30th).  That would show utilization of 9% because the carryover balance would be $99 correct?
 
 
 1100
x     9%
     99
 
Great Credit is Sexy Smiley Wink EQ 793 / TU 791 / EX 773, 6/2017
Message 1 of 3
2 REPLIES
Super Contributor

Re: I'm confused about utilization - clarification please!

yes
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 2 of 3
Community Leader
Epic Contributor

Re: I'm confused about utilization - clarification please!

Just remember that the date the bill is printed may not be the date the card is reported to the CRAs
Message 3 of 3