Re: Can Somebody Nice Explain "Don't Carry a Balance?"
10-13-2012 05:29 PM
I don't agree with never letting a card report a balance. The fact is that your highest balance is reported. I have allowed a 4k balance to report on chase. A 4890 balance has reported on discover and a 8625 balance has reported on nfcu.
I also paid in full immediately after statement cut.
I personally think that manual reviewers and computers give me bonus points for actually using my cards.
For the most part I don't carry balances but if one months spend is rather high on a card I will let it report just to increase my "high balance"
Highest Balance is the largest balance that's been on the card at any time. If you charged $5k, pay it the next day, and then the statement cuts showing a $0 balance, that $5k high balance will still be reported as your Highest Balance. You don't need to let the statement cut for that to show. And no, you get no bonus points for that.
That varies by lender unfortunately.... for Amex, they do not adjust your "high balance" without letting the statement show the balance. I beg to differ on gettng no bonus points for that... Discover always seems to give me CLIs after I've let a large balance report and then immediately pay it off before the next statement. This has happened 5 times.
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