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I have always paid my AmEx BCE off in full every month. I would like to carry a balance for a few months. Perhaps paying between $500 and $1,000 out of $2,000 this month. I am on a 0% intro APR still. I do not want to do anything to jeopardize the chances of my 6 month CLI. My question is: How does carrying a balance affect my internal AmEx score and thus my chances for a CLI in a few months. I went from $2k limit to $6k limit at 61 days and I hope to go from $6k to $18k at 61 days + 6 months.
Perhaps min payments or maxing out your card might raise concern, i doubt that's enough to cause Amex to take an AA so long as your payments are timely. Prolonged periods of min payments followed by a late payment would be a red flag for sure. but carrying a balance in and of itself is not an issue since they will happily charge you interest.
@NJTurnpike wrote:Perhaps min payments or maxing out your card might raise concern, i doubt that's enough to cause Amex to take an AA so long as your payments are timely. Prolonged periods of min payments followed by a late payment would be a red flag for sure. but carrying a balance in and of itself is not an issue since they will happily charge you interest.
I agreed.