Afraid of Getting Balance Chased

[GApeachy]

---

@Anonymous wrote:

---

my thought is that a very large payment may get someone to look directly at your account, or maybe trigger an automated review in the system. 

I'm not arguing but really?  I make large, small x's many...just whatever whenever.  Is it really a bad thing to do large payments? I feel like I need a playbook.

Have other's here seen large payments trigger a review?  Again, I'm not arguing or doubting.

[Anonymous]

You should confirm that with other members, but I have just never heard of it happening with Disco.

[NRB525]

If you have
1) High utilization and
2) High interest rates ( store cards )

then Balance Chasing is the least of your worries. Pay down the cards as fast as you can, to try to reduce interest costs. If Balances are Chased, so be it. You need to reduce the debt. No one can forecast when balance chasing will occur, or when it will stop.

After you get the utilization under control, then you can begin to look around and perhaps ask for reinstatement of some credit lines. The most important result is you’ve gotten utilization under control.

[Anonymous]

---

@GApeachy wrote:

Again, I guess it is profile and card issuer dependent. I did not recieve a "financial review" so to speak. I just had these cards (and others) at near max for awhile, then paid it down to less than 50%. When I logged in the next day or so I saw my CL around 52% of what it was ... About $100 over my balance. ) -- i.e - balance chased. It would be an incredible "coincidence" that they had previously planned that CLD on that particular day, mid cycle, when I had given no indication that I would be paying a substantial portion of my balance at that time.

I just think they saw an opportunity to get some of the credit that they extended back before I charged it up again.

I make multiple payments on cards now totaling the same amount or more throughout the statement cycle. In my experience, a very large payment can some times take a bit longer to clear, it stands to reason that perhaps it triggers something, somewhere, and for some credit companies.

All speculation and personal experience of course. And this wouldn't apply to non-maxed profiles.

[Anonymous]

---

@Anonymous wrote:

You should confirm that with other members, but I have just never heard of it happening with Disco.

---

CLDs do happen with Disco, they're just rare. 

[GApeachy]

---

@Anonymous wrote:

---

And this wouldn't apply to non-maxed profiles.

---

Okay, gotcha...thanks!

[Anonymous]

---

@NRB525 wrote:
Pay down the cards as fast as you can, to try to reduce interest costs. If Balances are Chased, so be it. You need to reduce the debt. No one can forecast when balance chasing will occur, or when it will stop.

---

I agree with this, but for my very specific situation I was willing and able to pay more interest temporarily to make sure (or increase the likelihood in my eyes) of keeping the card open. I am pretty sure had I made another big payment on that card shortly after the CLD, I would not have it anymore.

I definitely made the right decision for me, but again, it certainly is not for everyone. 

[Remedios]

---

@Anonymous wrote:

---

@GApeachy wrote:

Again, I guess it is profile and card issuer dependent. I did not recieve a "financial review" so to speak. I just had these cards (and others) at near max for awhile, then paid it down to less than 50%. When I logged in the next day or so I saw my CL around 52% of what it was ... About $100 over my balance. ) -- i.e - balance chased. It would be an incredible "coincidence" that they had previously planned that CLD on that particular day, mid cycle, when I given no indication that I would be paying a substantial portion of my balance at that time.

I just think they saw an opportunity to get some of the credited they extended back before I charged it up again.

I make multiple payments on cards now totaling the same amount or more throughout the statement cycle. In my experience, a very large payment can some times take a bit longer to clear, it stands to reason that perhaps it triggers something, somewhere, and for some credit companies.

All speculation and personal experience of course. And this wouldn't apply to non-maxed profiles.

---

That's a simple programming 

They already determined you were a high risk, and once you paid, computer did what it was told to do, in your case, prevent you from bringing the balance back up.

If blance chasing starts, sometimes it doesn't stop till the card is closed.

Other times it stops when risk is at more tolerable level. 

If the card is not closed, it's quite possible to bring the limits back to where they were over time

Prolonging the agony and maintaining high balance only makes things worse. That's what started it in a first place. 

[Anonymous]

---

@Remedios 

Fair enough... I mean neither of us (to my knowledge, but correct me if I am wrong) work for these credit card companies, or are privy to the algorithms that their software uses to trigger AA and balance chasing. 

So... I guess it is all speculation at this point from both me and you. All I know is, having gone through it personally and after digging through this site for the answers to no avail, is what worked for me.

I am just trying to provide advice for anyone (either now or in the future) who is looking for an answer with the priority of keeping the card at a semi-reasonable cost (paying more interest than necessary temporarily). I think anyone would be hard pressed to convince me that a subsequent equally large payment after my initial (and only) CLD wouldn't have resulted in further balance chasing.

[Anonymous]

What's the point of a high credit limit if you can't really use it?