10-28-2013 09:58 PM
Hey folks, need some advice:
I am about to get a bonus at work and need to decide whether to pay off a balance on my AMEX Sign and Travel (revolver balance I have been carrying from a trip last year) or should I payoff a balance on my Citi card. My gut tells me to payoff the Citi since the AMEX revolver balance seems to have not affected my score. Am I way off base?
(BTW, the Citi and AMEX revolver have the same APR, so the decision really comes down to which will help my score)
10-28-2013 10:00 PM
10-28-2013 10:14 PM
Thanks for the quick reply!
The Citi has a balance of $5200 and CL of $9k. I don't use it regularly.
As for the AMEX, I use it all the time and pay in full new monthly charges (about $1500/mo) and have been chipping away at the revolver all year. Balance on it is about $4100. (no CL since it is AMEX)
I noticed when I made the charges on my Citi last year I got a CW alert for balance increase and my score went down a point or two. On the other hand, all of the charges on my AMEX revolver never once caused a SW alert...
10-28-2013 11:06 PM
10-29-2013 12:40 AM - edited 10-29-2013 12:42 AM