Charge Cards and Revolving Utilization

[Credit_Ranger]

I'm sure this has been asked before but I did not find an answer in a quick search of previous posts.

Does a Charge Card (AMESXPRG) balance count toward revolving credit utilization?

I have been in the habit of paying off everything prior to statement closing date, but this month I am considering waiting a couple weeks to pay off the balance on my AMEX Premier Rewards card.  This means the balance will report.  Is this going to have a negative effect on my total utilization?

Thanks in Advance.

...Ranger Out...

[Anonymous]

If I remember what I read in past posts correctly, no.

[pizzadude]

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@Credit_Ranger wrote:

I'm sure this has been asked before but I did not find an answer in a quick search of previous posts.

Does a Charge Card (AMESXPRG) balance count toward revolving credit utilization?

I have been in the habit of paying off everything prior to statement closing date, but this month I am considering waiting a couple weeks to pay off the balance on my AMEX Premier Rewards card.  This means the balance will report.  Is this going to have a negative effect on my total utilization?

Thanks in Advance.

...Ranger Out...

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It counts as a card with a balance in the "number of cards with balances" portion of revolving utilization.    However the balance is excluded from your utilization calculations, except for the TU98 version ( sold here at MyFICO ), which does include the balance.

[Credit_Ranger]

How then do the figure the credit limit?  If it adds to the revolving balance there must be a credit limit added as well to the overall average.

...Ranger Out...

[pizzadude]

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@Credit_Ranger wrote:

How then do the figure the credit limit?  If it adds to the revolving balance there must be a credit limit added as well to the overall average.

...Ranger Out...

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TU98 takes the "High Balance" field and uses it as the credit limit when it includes charge card balances in your utilization.