Will the statement balance of my Amex PRG show up on my credit report and count against my utilization? I haven't been maintaing a zero balance right before my statement cuts and I've sorta been assuming that it is negatively affecting my score. Today I read somewhere that charge cards don't report balances to CB's since they are PIF every month. I don't wanna pull a report just to find out since I'm assuming someone on here knows the answer to this question. Thanks in advance for any help.
On most newer models it won't factor into utilization, but it definitely will on the EQ04 model.
Thanks guys. I'm currently carrying (small) balances on 4 cards (all 0%) because of tuition expenses. I'm only using AMEX for day to day stuff to ensure I PIF and lower my debt each month instead of increasing it. I just don't want it to look like I'm carrying 5 balances instead of 4. I could easily manipulate my spending to ensure it reports at 0 but I suppose there is no reason for me to bother with this as it doesn't affect my utilization. Besides I'm not applying for anything soon besides CLI's.
Today I read somewhere that charge cards don't report balances to CB's since they are PIF every month.
That is incorrect. Like (most) credit cards a cycles closes out and the balance is reported at that time. The payment is due at a later point and does not reduce the reported balance.
I don't wanna pull a report just to find out since I'm assuming someone on here knows the answer to this question.
If you use a service like CK you can access reports at no charge. CK only covers TU and EQ but it does offer weekly updates and access to historical report data.