topic Re: Best way to PIF? in Credit Cards

Best way to PIF?

Anonymous — Fri, 15 Apr 2011 01:23:02 GMT

I currently only leave a 1% balance report and pif each month. The way I pif is everytime i use my credit card i pay it off the same day i make the charge. My question is would it be better to let the charges build up a week or two for a higher balance then pif? Just wondering what the best option is to help my credit limit grow in the future. My limit is 3k and im running a little over 2k through it each month. The credit card im using is a NFCU cash rewards if the makes a difference. Thanks for the help.

Re: Best way to PIF?

DI — Fri, 15 Apr 2011 01:23:21 GMT

You can let the charges build and PIF days before the next statement generate.

Re: Best way to PIF?

tpatterson2k9 — Fri, 15 Apr 2011 01:41:30 GMT

@DI wrote:
You can let the charges build and PIF days before the next statement generate.

On that note, does that mean a person could charge a CC from 0% to 80% util, for example, and as long as it is paid down below 10% before the next statement is cut, then the high 80% util won't be reported?

Re: Best way to PIF?

DI — Fri, 15 Apr 2011 01:51:39 GMT

@tpatterson2k9 wrote:
@DI wrote:
You can let the charges build and PIF days before the next statement generate.
On that note, does that mean a person could charge a CC from 0% to 80% util, for example, and as long as it is paid down below 10% before the next statement is cut, then the high 80% util won't be reported?

Exactly!!