AMEX Pay over Time

[californiaboy935]

Then something must be wrong with my report @Remedios because my charge card balance shows up on my report and changes the utlization drasticall from month to month. (Attatching picture proof) And yeah I know this is the Vantage score. but it does the same to my fico as well. Just somewhat delayed as i think it takes time to push the balance increase to the FICO scoring server.

[elixerin]

you’re probably losing a bit of FICO points cause of not practicing AZEO, 1% vs $0 report for me is a 14 score difference which i was surprised to learn (thanks to the forum of course)

Utilization isn’t factored so with a 15k limit for example a 32k charge card balance will only help by payment history and honestly if highest balance is 32k then next month is like 3-4k you look extremely reliable to lenders (what im assuming) but even having a 48k balance the month after 32 it still “shows“ you paid 32k in full then ran 48k so still a win win. All this without showing any utilization bumps

[Remedios]

Utilization shows, because charge card reports balance when statement closes, but it's not included in utilization calculations.
Some older scoring models use highest reported balance as a *limit*, but FICO 8 and 9 do not.
Also, you have two scores that are almost 50 points lower. While each CRA slightly tweaks the formula, and while some differences are to be expected even if identical data is present on all three, not to the tune of 50 points.
I dont know what to attribute the difference to, maybe go over your reports again.

In any case, maybe with a little patience and time, this problem will resolve itself.
I'm not sure if it would help, but you could always call or use chat and see if you can acomplish anything that way.
Cant hurt to try if it's important to you.

[Anonymous]

If your ultilization on all your revolving debt is 0% as shown in the Credit Karma image above, you will take a FICO score hit for it. Since you have a thin file, your score will flactuate up and down more. 

Your Charge card balance have no effect on your utilization number.

[californiaboy935]

Never heard of AZEO but thank you for the info. I'll give that a try. I'm sure it just funky cause oh how young all the accounts are. And how much is being out through them.

---

@elixerin wrote:
you’re probably losing a bit of FICO points cause of not practicing AZEO, 1% vs $0 report for me is a 14 score difference which i was surprised to learn (thanks to the forum of course)

Utilization isn’t factored so with a 15k limit for example a 32k charge card balance will only help by payment history and honestly if highest balance is 32k then next month is like 3-4k you look extremely reliable to lenders (what im assuming) but even having a 48k balance the month after 32 it still “shows“ you paid 32k in full then ran 48k so still a win win. All this without showing any utilization bumps

---

[californiaboy935]

I pay everything in full. I dont like to carry a balance. And obviously cant with the platinum cause havent been approved for Pay Over Time. But im more insulted that i give them all my business then dont even get offered anything. Not even some funny money membership rewards points....

[elixerin]

you can PIF and still let 1-2% report, the AZEO mentioned above is all without paying interest

meh, you’re getting a lot of points already. Threaten to cancel and see how they come running xD use ccs with 0 apr if you really wanna carry balances i ignore POT altogether tbh

[Anonymous]

---

@californiaboy935 wrote:

I pay everything in full. I dont like to carry a balance. And obviously cant with the platinum cause havent been approved for Pay Over Time. But im more insulted that i give them all my business then dont even get offered anything. Not even some funny money membership rewards points....

---

Pay Over Time wouldn't be helpful to you. I think the max limit for Pay Over Time is like $35k. And you get charge interest on it. It's not interest free.

[Remedios]

Dont be offended because it's not personal. They are allowing you to make charges, and you benefit from that. If they only allowed you to charge a couple of thousands, that might be slightly more personal to you, and not very practica if you're running a large spend through it. I know I wouldn't like it one bit.
I've said it in the other thread, you have to put things in context.
Your biggest obstacle with lenders is going to be your short history. 14 months is a nanosecond in credit time.

You might have a good income today, and be broke in three months. So, income by itself is not a guarantee of anything.
Use the card because it benefits you, and agonize a little bit less over what you dont have. If you're paying in full, POT is really not absolutely necessary at the moment
Maybe it will be available to you by the time you actually need it.
Continue building, and it will happen. It's just that pesky time thing, and because we have no control over that, it's maddening.

[FinStar]

---

@elixerin wrote:
you can PIF and still let 1-2% report, the AZEO mentioned above is all without paying interest

meh, you’re getting a lot of points already. Threaten to cancel and see how they come running xD use ccs with 0 apr if you really wanna carry balances i ignore POT altogether tbh

---

Sorry, but such a strategy won't work in persuading AmEx to oblige with POT.  Realistically, when I was running more than the OP in monthly charges on biz Platinum, it was way before POT was introduced.  The point of the product was to PIF.  OP wants a 60-day float without interest, they should consider Plum if it fits their business model or needs.