High Balance Question

[Shooting-For-800]

I like having a high balance within 75% of my CL report with a lower current balance.

It shows that you actually use you cards and pay them off.

I do not think it affects your score, but I like it to show for manual reviews.

[Anonymous]

It does not hurt your score in any way, shape or form. In fact in looks good!

Upon manual review the analyst will notice that my Venture once had a high balance of $22000. That's huge, but the most it ever reported at statement cut was 5k. And many of my CC shows a high balance of 8k or 10k, but has never reported a balance at statement cut, NEVER.

So this tells the analyst who is manually reviewing my reports for a new credit application or CLI that I have experience with and can handle high credit limits. It also shows I have outstanding creditworthiness.

[Anonymous]

"Shooting, Donny",

Excellent! Thank you both.

I will use my Amazon Prime Rewards as my daily card instead of my Debit Card, then get the balance to $0 prior to statement ending date (21st of wach month). Then they report 3-4 days later which is when I can resume using thecard for the next month.

Do I understand that correctly?

[Anonymous]

You can resume as soon as the statement cut, the new charges will not make the report, the delay in reporting is mostly on the part of the CRAs... mostly.