Very high utilization -- risk of adverse action?

[CraigHwk]

I am bugged by my Barclays Apple card.  0% for 18 months, so I bought a 3k iMac with a 4k credit line.  Reports just like a normal card, so I hope other lendors don't get spooked by it.   Hopefully pay it down below 50% over the next few months.

All my other cards are paid in full though, so hopefully I have that going for me.

[Anonymous]

I would not recommend doing this. You are taking a gamble not only with Citi but with your other creditors as well by spiking your utilization very suddenly to a very high level.  It's up to you and there is no way we can guarantee you won't experience AA. There are no guarantees in the credit world.

You mention that the charge you wish to place is a "huge charge." How huge? if you have 80k in overall credit, why not divide the charge more evenly between cards?

[OmarGB9]

^OP mentioned they wouldn't actually let the balance post and would PIF right away before statement cut; hence no utilization spike.

As to OP, as long as you charge it and pay it right away, I don't think you'll have an issues. If anything, citi might like you more for the hefty swipe fee.

[Anonymous]

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@OmarGB9 wrote:
^OP mentioned they wouldn't actually let the balance post and would PIF right away before statement cut; hence no utilization spike.

Citi will definitely see the utilization spike even if he does this. I doubt Citi will be thrilled about it. And as we know - life happens. He could end up having to take longer to pay it.

[tntexans72]

I'll chime in...your fico scores are great, internal scores with citi are great - thus the $18k DC, your AAOA is 8-10 years I am sure and overall citi don't want to lose your business. Even if you did not pif there won't be any AA I don't believe. With your profile, you'll probably have to max 3-4 of your cards out or have a few lates to maybe see AA. If anything citi will probably say it's about time we get him for some interest payments. You are what most banks considered a deadbeat client  

[Anonymous]

You won't have a problem just do it. You have great scores and a great profile. I don't think anyone would mess with you if you carried it for some months. Providing you don't pay the minimum due.

I ran my Cashforward up 90% and paid it off in 3 months. Zero balances on all my other cards and no issues.

[Anonymous]

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@Anonymous wrote:
You won't have a problem just do it. You have great scores and a great profile. I don't think anyone would mess with you if you carried it for some months. Providing you don't pay the minimum due.

I ran my Cashforward up 90% and paid it off in 3 months. Zero balances on all my other cards and no issues.

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You're responding to an almost 8 month old thread.  Whatever the OP was going to do he has already done.

[Anonymous]

Wow...I spaced. Never even looked at the date...Thanks Irish..

Wonder how the OP made out.

[Anonymous]

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@Anonymous wrote:
Wow...I spaced. Never even looked at the date...Thanks Irish..

Wonder how the OP made out.

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Heh no biggie, I've done the same thing before.  Maybe the OP will see the thread and let us know what happended.  He's still active on the forums.