topic Re: Maxing out Credit Card then Paying in Full? in Credit Cards

Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:11:59 GMT

Hello,

I'm new to this forum, and I hope this is in the right place for this question.

I was wondering if it is bad to pay for something in your credit card that will almost max it out, but pay the credit card in full right after? I'm doing this to so I can rack up points on my credit card. I know that its only good idea to use 1/3 of your credit limit. But in this case, if I decide to pay my credit card back in full say the next day or even right after the purchase, is it bad?

Thanks

Re: Maxing out Credit Card then Paying in Full?

ac921ol — Tue, 26 Nov 2013 22:15:56 GMT

Its fine as long as your statement doesnt cut with the balance on it.

Re: Maxing out Credit Card then Paying in Full?

myjourney — Tue, 26 Nov 2013 22:16:17 GMT

@Anonymous wrote:
Hello,

I'm new to this forum, and I hope this is in the right place for this question.

I was wondering if it is bad to pay for something in your credit card that will almost max it out, but pay the credit card in full right after? I'm doing this to so I can rack up points on my credit card. I know that its only good idea to use 1/3 of your credit limit. But in this case, if I decide to pay my credit card back in full say the next day or even right after the purchase, is it bad?

Thanks

Welcome to the forum

Not bad at all as long as your not letting a maxed out card report which would lower scores in that case other than that RACK UP THE POINTS

Re: Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:18:06 GMT

I wouldn't hesitate to. It's a rewards card...that's the point. Now if you were to use that and hold off paying until the next day but the statement cut before you did and showed you with a high limit, that would lower your score. But as far as using it and paying it off right after, you should be good.

Re: Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:21:26 GMT

Awesome! Thanks guys!

Also, @myjourney, I have that quote "Intelligence plus character--that is the goal of true education" in my email signature hehe

Re: Maxing out Credit Card then Paying in Full?

killer_queen229 — Tue, 26 Nov 2013 22:23:07 GMT

@Anonymous wrote:
Hello,

I'm new to this forum, and I hope this is in the right place for this question.

I was wondering if it is bad to pay for something in your credit card that will almost max it out, but pay the credit card in full right after? I'm doing this to so I can rack up points on my credit card. I know that its only good idea to use 1/3 of your credit limit. But in this case, if I decide to pay my credit card back in full say the next day or even right after the purchase, is it bad?

Thanks

Either way it is bad to max out a card, even close to it even if you pay in full. Never do that. To a creditor it looks like you can max out a card with the possibility of not paying it back. I wouldn't recommend doing it even if someone disagrees.

Re: Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:25:06 GMT

Even if I pay it off right after? The other people are saying its fine?

Re: Maxing out Credit Card then Paying in Full?

killer_queen229 — Tue, 26 Nov 2013 22:27:44 GMT

People give different answers and it's really whatever you feel comfortable with. I personally wouldn't max out a card.. it doesn't look good even if you pay it off in full when you get the bill. You don't pay the bill before you get it.

Re: Maxing out Credit Card then Paying in Full?

myjourney — Tue, 26 Nov 2013 22:32:50 GMT

@Anonymous wrote:
Awesome! Thanks guys!

Also, @myjourney, I have that quote "Intelligence plus character--that is the goal of true education" in my email signature hehe

Words to live by Bravo

Re: Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:35:05 GMT

@killer_queen229 wrote:
People give different answers and it's really whatever you feel comfortable with. I personally wouldn't max out a card.. it doesn't look good even if you pay it off in full when you get the bill. You don't pay the bill before you get it.

I think many people pay on their account before the bills cut. I tend to make multiple payments during the month before the bill cuts.

Re: Maxing out Credit Card then Paying in Full?

killer_queen229 — Tue, 26 Nov 2013 22:37:15 GMT

I meant you can't pay the bill before you get the statement lol.

Re: Maxing out Credit Card then Paying in Full?

myjourney — Tue, 26 Nov 2013 22:37:40 GMT

@Anonymous wrote:
@killer_queen229 wrote:
People give different answers and it's really whatever you feel comfortable with. I personally wouldn't max out a card.. it doesn't look good even if you pay it off in full when you get the bill. You don't pay the bill before you get it.
I think many people pay on their account before the bills cut. I tend to make multiple payments during the month before the bill cuts.

best way to do it is the way your doing it now

Re: Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:40:14 GMT

@killer_queen229 wrote:
I meant you can't pay the bill before you get the statement lol.

I log online and see my balance and push through payments all the time. I guess that's true if you only get paper statements, though.

Re: Maxing out Credit Card then Paying in Full?

killer_queen229 — Tue, 26 Nov 2013 22:41:06 GMT

@myjourney wrote:
@Anonymous wrote:
@killer_queen229 wrote:
People give different answers and it's really whatever you feel comfortable with. I personally wouldn't max out a card.. it doesn't look good even if you pay it off in full when you get the bill. You don't pay the bill before you get it.
I think many people pay on their account before the bills cut. I tend to make multiple payments during the month before the bill cuts.
best way to do it is the way your doing it now

How can you pay off a credit card bill without the bill? Even online, how can you do that without the bill being made?

Re: Maxing out Credit Card then Paying in Full?

killer_queen229 — Tue, 26 Nov 2013 22:41:59 GMT

@Anonymous wrote:
@killer_queen229 wrote:
I meant you can't pay the bill before you get the statement lol.
I log online and see my balance and push through payments all the time. I guess that's true if you only get paper statements, though.

I DO have a debit card/checking account that I pay my phone bill with but that's it. Everything else is money orders.

Re: Maxing out Credit Card then Paying in Full?

myjourney — Tue, 26 Nov 2013 22:43:47 GMT

@killer_queen229 wrote:
@myjourney wrote:
@Anonymous wrote:
@killer_queen229 wrote:
People give different answers and it's really whatever you feel comfortable with. I personally wouldn't max out a card.. it doesn't look good even if you pay it off in full when you get the bill. You don't pay the bill before you get it.
I think many people pay on their account before the bills cut. I tend to make multiple payments during the month before the bill cuts.
best way to do it is the way your doing it now
How can you pay off a credit card bill without the bill? Even online, how can you do that without the bill being made?

Easy go online and pay we all do it all the time you wait until it post and PAY

Re: Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:44:37 GMT

If you've put $800 in charges on a card during a particular month it should show up online as you having that much of your credit line used. You can pay the $800 dollars to that credit card before the statement cuts and you statement will show that you've using $0 of your credit at that time. That is the snapshot send to the credit bureaus each month used for utilization purposes. So you could have all your cards maxed out a week before your statements cut and pay them off beforehand to report $0 balances.

Re: Maxing out Credit Card then Paying in Full?

Anonymous — Tue, 26 Nov 2013 22:46:35 GMT

You can pay online via check. Just use the routing number of your checking account and set up a bank to pay from on your online site. Shows up as an electronic transaction.

Re: Maxing out Credit Card then Paying in Full?

killer_queen229 — Tue, 26 Nov 2013 22:51:29 GMT

@myjourney wrote:
@killer_queen229 wrote:
@myjourney wrote:
@Anonymous wrote:
@killer_queen229 wrote:
People give different answers and it's really whatever you feel comfortable with. I personally wouldn't max out a card.. it doesn't look good even if you pay it off in full when you get the bill. You don't pay the bill before you get it.
I think many people pay on their account before the bills cut. I tend to make multiple payments during the month before the bill cuts.
best way to do it is the way your doing it now
How can you pay off a credit card bill without the bill? Even online, how can you do that without the bill being made?
Easy go online and pay we all do it all the time you wait until it post and PAY

So I was right when I said you can't pay until the bill is posted.

Re: Maxing out Credit Card then Paying in Full?

myjourney — Tue, 26 Nov 2013 22:54:06 GMT

@killer_queen229 wrote:
@myjourney wrote:
@killer_queen229 wrote:
@myjourney wrote:
@Anonymous wrote:
@killer_queen229 wrote:
People give different answers and it's really whatever you feel comfortable with. I personally wouldn't max out a card.. it doesn't look good even if you pay it off in full when you get the bill. You don't pay the bill before you get it.
I think many people pay on their account before the bills cut. I tend to make multiple payments during the month before the bill cuts.
best way to do it is the way your doing it now
How can you pay off a credit card bill without the bill? Even online, how can you do that without the bill being made?
Easy go online and pay we all do it all the time you wait until it post and PAY
So I was right when I said you can't pay until the bill is posted.

No not really you can push payments thur online banking before it post