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Paying off balance question?

Yuppitsmeeee
New Contributor

Paying off balance question?

I have carried a 70-80% uti on both my Marriott Boundless and Nordstrom VISA for about the past 4 months, well I just paid them both off in full. I'm just wondering, am I at risk for credit limit decreases or any AA for making such a large payment out of my ordinary? 

3 REPLIES 3
Kforce
Valued Contributor

Re: Paying off balance question?


@Yuppitsmeeee wrote:

I have carried a 70-80% uti on both my Marriott Boundless and Nordstrom VISA for about the past 4 months, well I just paid them both off in full. I'm just wondering, am I at risk for credit limit decreases or any AA for making such a large payment out of my ordinary? 


No way to know, but you will find out.   Smiley LOL

No more of a risk than waiting another month or paying a lesser amount.

Hope it doesn't, good luck.

FNBO Cashback Visa (20k) / Bank-West Cashback MC (20k) / USAlliance 3% Visa (20k)
Two Old CU cards (20k each) -- (Sock Drawer) / Secret 3% MC (20k)
Ficos : 830 / AAoA : 9 yrs / AoOA : 24 Yrs / AoYA : 0
Message 2 of 4
K-in-Boston
Moderator

Re: Paying off balance question?

You are at no risk for simply making the large payments.  If they were to decide to balance chase you, they would do so gradually if you made smaller payments.  

 

As long as there are no major risk factors elsewhere in your profile you probably don't have anything to worry about.  If the balances have been high for a few months, you're certainly at less risk today than you were a month ago.

Message 3 of 4
Gollum
Frequent Contributor

Re: Paying off balance question?


@Yuppitsmeeee wrote:

I have carried a 70-80% uti on both my Marriott Boundless and Nordstrom VISA for about the past 4 months, well I just paid them both off in full. I'm just wondering, am I at risk for credit limit decreases or any AA for making such a large payment out of my ordinary? 


Good credit means you have a history of paying your bills on time, and paying your credit card balances off in full is good.

 

If your credit card issuer subsequently takes any sort of adverse action (AA, I guess), I doubt it is a result of paying your balances off: your credit card issuer probably would have done something you didn't like anyway.

Credit Scores: (FICO 8) 840 Experian May 2021, 844 TransUnion April 2021 | (FICO 9) 843 Equifax May 2021
Credit Cards (newest to oldest): NFCU VISA Platinum $25,000 | BECU Cash Back VISA $10,000 | American Express BCE $3000 | Simmons Bank VISA Platinum $7500 | Capital One No Hassle Rewards VISA Platinum $500
Message 4 of 4
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