Established Contributor
Posts: 766
Registered: ‎01-16-2012
Re: Chase Sapphire Preferred utilization

UtilizationUtilization is only based on the balance reported to cra (usually your statement balance), not your high balance between statements. If you pay in full before your statement posts, it will show a zero balance and zero utilization. Also, utilization contribution to fico score is based only on what is reporting at the moment the score is pulled. Past utilization has no impact. So as long as you don't let an 11k balance report the month you apply for loans, it won't matter. Personally, I've paid all my grad school tuition on my chase sw card, even using the npsl feature to pay above my limit last month. I pay the balance off the day the charge posts to my account. Chase doesn't seem bothered, as they approved a ~7k charge on a card with a 5k limit. I got about 20k in rapid rewards points and the credit reporting agencies just show a zero balance. 

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.