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)
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...