Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
Re: Can Somebody Nice Explain "Don't Carry a Balance?"
Ahh I see. My discover started at 1200 back in 1999 but I didn't really use the card until 2006. I'm at 5k now. I don't use my discover card very heavily. Most of my spending is on amex. A lot of myfico forum members seem to think that having balances report is a terrible thing. Its only terrible if you've a) spent more than you can pay in full or b) financed a really large purchase on a credit card. Also; letting large balances report when you plan on apping is a terrible thing.

In my case it is sometimes impractical or impossible to PIF before statement cuts due to the way reimbursements work with my employer. We aren't allowed to get reimbursement until we've actually taken the trip. If the flights and hotels were purchased 2 weeks in advance and the trip lasts 1 week... it may be3 weeks until I turn in my expense form and another 4 days to receive the direct deposit... since they are only done on Thursdays.

My point being that its absolutely not the end of the world if a balance reports... but it is bad to "carry a balance"

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!

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