Citibank closed my account for no reason!

[Anonymous]

FocusOnFico : You mean pay it off before the statement gets cut, correct? I had started considering just making smaller payments every week. I generally use no more than two cards for my daily life. One for internet purchases (if any) and one for everything else.

Thanks for the sanity check everyone.

[Anonymous]

Thanks beamMEup. You certainly made me smile today. 

[Anonymous]

armywifey85 : One of my remaining cards happens to be a CU card. I've had it for a couple years. I've been a member for 10+ years so I think I'm safe there. The CU was really good to me when my ex and I were separating finances. As for the others. I really liked WaMu before Chase got ahold of them. The free credit score every month was a nice perk. It gave me encouragement to see my score improve when I was starting over. Unfortunately I never got to use the 'cash back' before it was eliminated.

[FocusOnFICO]

Realist--yes--If you typically run two cards, pif on one before the statement cuts by 2-5 days, depending on how quickly your ccc posts payments.  The other card can be pif after the statement cuts.

If your typical charges exceed 9% of your total available lines, pay down most of the regular charges on the one card that will report a balance, then pay the remainder (small amount) after the statement cuts.

Example: card 1 and 2 both have $5k lines.  Pif card 1 before its statement cuts.  If you have charged $2k on card 2, pay at least $1k before the statement cuts, then pay the remainder directly after the statement cuts.  Your util (if those are the only trade lines in play) would be 10% or less when util is calculated.

Hauling and a number of others have used this strategy successfully and I have benefitted also.