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IF I nearly max out a card that is my lowest limit, and I have 2 other cards that have over double the limits - should I expect to see a MAJOR point drop?
I'm not too concerned since I just got a new WM card so I'm not looking to app for anything soon, but I have been working on keeping everything on the upswing, and not on the down.
My CLs are 300, 750 and 700 with current util at 0%, <1%, 0%.
If I maxed out the $300 card, that would put my card util to 100%, 1%, 0% but my overall util would only be around 17% which isn't 10% but still pretty low. Will I see a nose dive for "maxing out my card" or is it going to consider the fact that out of the other $1450 I've only used a whopping $10?
I have a purchase I'm going to make and since I can get 1% cash back on it, I'd rather use that card, but not if I'm going to see a nose dive for maxing out 1 card.
I don't think it's good idea to max out any card.....it's normally drop about 10 points........if you really want to used that card to get 1%cash back then you should paid it before statement cut off time.........it's just my suggest.......
@nicholasyud wrote:I don't think it's good idea to max out any card.....it's normally drop about 10 points........if you really want to used that card to get 1%cash back then you should paid it before statement cut off time.........it's just my suggest.......
That would be the plan, however CAP 1 has been draaaaaaaaaaaaaaaaaging their feet when it comes to posting things to my account lately.
My statement closes next week, but with Gobble-fest (thanksgiving) who knows what that will do. This was more of a "what if scenario" for me, what if they don't post it they day they cut the statement and I have no time to pay it.
I'll probably just put it on the other card since that wouldn't even push it to 50% and that statement closes after thanksgiving so I know it will post and give me time to pay it down prior to the statment closing.
Thanks, for the info.
Do you mean posting purchases, or posting payments has been slow? My payments have FINALLY been posting quickly to my Cap1 account, but purchases take like 3-4 business days until they post and allow me to pay.
| Chase Freedom $9500 DCU Visa $10000 Capital One QS $2000 AMEX BCE $3000 | Lowe's CC $8500 WalMart CC $3100 BOA Platinum $600 AMEX Gold NPSL |
@Jutz wrote:Do you mean posting purchases, or posting payments has been slow? My payments have FINALLY been posting quickly to my Cap1 account, but purchases take like 3-4 business days until they post and allow me to pay.
Purchases. Payments have for the most part posted next day (except for sunday payments) when I pay online. However I've had payments at some pretty big stores (target/walmart/etc) that have taken a full week to post. But then others that will post after a couple days.
I'm afraid if I use the card, and it doesn't post next day, but rather it waits a week, between that and then thanksgiving it would mean that I wouldn't be given the opportunity to pay before the statment closes, however it will have posted to this months statement.
I'm not going to risk it - sure I'll loose the $3 but oh well I'm not going to play utilization roulette for $3.
Time is mo.. Sorry, your $3 are up.