2 AMEX approvals, high balance question

[rprisco]

A few dp, burned in Ch. 13 10 yrs ago, instant approved today AMEX Green and Business Blue Plus, sl 2k. pulled Ex. Fico 725. 3 3yr paid charge offs, 12 accounts in last year 1 30k personal loan opened January 16th. very surprised and so happy to be finally back in with Amex.

with the green card, I know no cl is reported. I also know they report high balance. my question is; say I use the card for 2k, let the charges post and then make a pif payment b4 statement cuts. will that 2k high bal report? Thanks for any feedback.

[K-in-Boston]

With charge cards, there's no reason to worry about high balances reported anymore.  With some of the very old credit models that didn't know how to handle NPSL, the utilization would be calculated by dividing the statement balance by the high balance and it could wreak havoc on utilization parts of scoring.  (The way we got around that in the stone age was by charging as much as we possibly could early on and taking the util hit for that month.) Modern credit scoring systems ignore charge card balances for utilization.

[AverageJoesCredit]

Congrats on getting back in with Amex

[rprisco]

thanks folks for the feedback and congrats.

[JoeLuvsHisCredit]

Congrats!!!