topic Re: Maxed out my credit cards have a question in Credit Cards

Maxed out my credit cards have a question

Interestedincredit — Mon, 24 Feb 2014 02:23:36 GMT

I maxed out my citi forward 2k
Freedom 1200.00
And nfcu 1500.00

I'm going to make my payments not I am PaYING IN FULL should I pay them as soon as they post or at the end of the cycle?

Re: Maxed out my credit cards have a question

gdale6 — Mon, 24 Feb 2014 02:25:17 GMT

@Interestedincredit wrote:
I maxed out my citi forward 2k
Freedom 1200.00
And nfcu 1500.00

I'm going to make my payments not I am PaYING IN FULL should I pay them as soon as they post or at the end of the cycle?

If not PIF pay them as soon as you can, it will save you interest. I would pay enough to get each of your cards below 90% of their CLs.

Re: Maxed out my credit cards have a question

-Wade- — Mon, 24 Feb 2014 02:26:40 GMT

@Interestedincredit wrote:
I maxed out my citi forward 2k
Freedom 1200.00
And nfcu 1500.00

I'm going to make my payments not I am PaYING IN FULL should I pay them as soon as they post or at the end of the cycle?

Pay as soon and as much as you can. having a maxed out card is never a good thing

Re: Maxed out my credit cards have a question

Interestedincredit — Mon, 24 Feb 2014 02:29:31 GMT

I can pay in full I have the cash in my bank account I just figured it's good to run them up to there limits then pay in full so the banks give me a cli? But it should post in a day or to should I pay them then or when the cycle date is due... These are all new accounts just got my cards

Re: Maxed out my credit cards have a question

gdale6 — Mon, 24 Feb 2014 02:32:53 GMT

@Interestedincredit wrote:
I can pay in full I have the cash in my bank account I just figured it's good to run them up to there limits then pay in full so the banks give me a cli? But it should post in a day or to should I pay them then or when the cycle date is due... These are all new accounts just got my cards

Oh, jeez ok, since you have the money to PIF you want to pay off 2 and let them report 0 balance and the other one report 1-9% of its CL, this method maximizes your scores.. Statement should generate as long as there was activity.

Adding: You dont want to ever let them report all maxed out, that could send creditors wondering what is going on and lead to poss AA.

Re: Maxed out my credit cards have a question

Anonymous — Mon, 24 Feb 2014 02:32:08 GMT

@Interestedincredit wrote:
I can pay in full I have the cash in my bank account I just figured it's good to run them up to there limits then pay in full so the banks give me a cli? But it should post in a day or to should I pay them then or when the cycle date is due... These are all new accounts just got my cards

If you can pay them in full I would do so soon. If they're new accounts and both maxed, it will look bad if they soft pull you and see two maxed cards.

Re: Maxed out my credit cards have a question

gdale6 — Mon, 24 Feb 2014 02:39:30 GMT

Just thinking you may not know the statement cut day yet, I would initiate payment as soon as they post as completed transactions and use them sparingly until you know when the statement cut off is going to be.