@Creditaddict wrote:no because if you have a balance of 5k showing on a charge card, other creditors know you have to pay that in full... it looks like you can handle a lot of credit
I guess we're looking at it from two different angles. On the one hand, I agree. On the other, I think, upon manual review, it would look better showing a high balance with $zero oweing.
Now that I "thought" I had it all figured out, you have me confused all over again! LOL
@UpNUp wrote:
@Creditaddict wrote:no because if you have a balance of 5k showing on a charge card, other creditors know you have to pay that in full... it looks like you can handle a lot of credit
I guess we're looking at it from two different angles. On the one hand, I agree. On the other, I think, upon manual review, it would look better showing a high balance with $zero oweing.
Now that I "thought" I had it all figured out, you have me confused all over again! LOL
Haha, if it makes you feel any better I am planning on reporting a zero balance next month
@UpNUp wrote:
@Creditaddict wrote:no because if you have a balance of 5k showing on a charge card, other creditors know you have to pay that in full... it looks like you can handle a lot of credit
I guess we're looking at it from two different angles. On the one hand, I agree. On the other, I think, upon manual review, it would look better showing a high balance with $zero oweing.
Now that I "thought" I had it all figured out, you have me confused all over again! LOL
hopefully someone else with chime in too... because on second review thinking about it, it's not in your util but on a manual review, could they possibly be like your income is say 10k and your monthly expenses are 7k, so your doing good you have 3k left each month but then all of a sudden they see your amex with over 5k on it, now they say that's a shortage of 2k.... I have never had anyone mention my amex charge when talking about my credit, but it's a thought now that we both are thinking about it. lol
@Creditaddict wrote:
@UpNUp wrote:
@Creditaddict wrote:no because if you have a balance of 5k showing on a charge card, other creditors know you have to pay that in full... it looks like you can handle a lot of credit
I guess we're looking at it from two different angles. On the one hand, I agree. On the other, I think, upon manual review, it would look better showing a high balance with $zero oweing.
Now that I "thought" I had it all figured out, you have me confused all over again! LOL
hopefully someone else with chime in too... because on second review thinking about it, it's not in your util but on a manual review, could they possibly be like your income is say 10k and your monthly expenses are 7k, so your doing good you have 3k left each month but then all of a sudden they see your amex with over 5k on it, now they say that's a shortage of 2k.... I have never had anyone mention my amex charge when talking about my credit, but it's a thought now that we both are thinking about it. lol
I understand your point about it not counting in utilities. Regardless, If I were to apply for a loan and chances are, it would be manually reviewed, it would look better to the underwriter if he/she saw a bunch of 0's on my reports instead of a bunch balances, even though I PIF all. With the exception a Charge card, the underwriter wouldn't know if I'm paying in full or just making minimum payments.
Hey, I'm new here so this is my first post.
From what I've been told by AMEX, they actually pull data 5 days before your statement is generated and that is what is reported to the bureau, not your statement balance. Because my statement balance is never what is reported to the bureau on AMEX. So for example, my statements are always posted on14th or 15th of the month so the 9th or 10th is when I'd want to have something showing zero or have it show up less which 9 out of 10 times has been reported to the credit.
Now...I have a Citi American Airlines Advantage that has a $3,000 revolving line, BUT it doesn't show up as revolving on the bureau since it has a "no pre-set spending" feature, as well -- it's confusing. So it shows up as a charge card just like my AMEX Zync. I also have my AMEX Zync card which is a charge card. Even though I can pay month-to-month with my Citi AA, it shows a balance of $512 but no credit line since they report it as a charge card. I also have a AMEX Starwood Preferred Guest (SPG) and a Home Depot (HD) card that combined total $5,000 revolving line but have a $600 balance at the moment cumulatively.
If I look at my recent Equifax report, my total credit line is the total credit line of AMEX SPG and HD ONLY since they are my only revolving accounts. The Citi AA card and AMEX Zync card show that I have a balance, but are NOT calculated in my "balance" column on Equifax. Does this make sense? So, when I look at my credit score, my total utilization reflects my REVOLVING lines only...so my current debt ration on Equifax is 12% because of $600 (Total balance of AMEX SPG and Home Depot) / $5,000 (Total Credit line on AMEX SPG/HD). While my Citi AA and Zync show a balance, they are not calculated in my debt ration because they are CHARGE cards and are omitted from the formula, even though they show a balance.
As far as paying the AMEX bill, a good rule of thumb is to pay it when you can before due date. AMEX actually likes when you pay it well before since they always say "wow, you pay very early all the time." Which the guest services people have said to me on numerous occasions. It shows you are even more responsible.
Sorry if I babbled on 
-Mike J
@Anonymous wrote:Hey, I'm new here so this is my first post.
From what I've been told by AMEX, they actually pull data 5 days before your statement is generated and that is what is reported to the bureau, not your statement balance. Because my statement balance is never what is reported to the bureau on AMEX. So for example, my statements are always posted on14th or 15th of the month so the 9th or 10th is when I'd want to have something showing zero or have it show up less which 9 out of 10 times has been reported to the credit.
Now...I have a Citi American Airlines Advantage that has a $3,000 revolving line, BUT it doesn't show up as revolving on the bureau since it has a "no pre-set spending" feature, as well -- it's confusing. So it shows up as a charge card just like my AMEX Zync. I also have my AMEX Zync card which is a charge card. Even though I can pay month-to-month with my Citi AA, it shows a balance of $512 but no credit line since they report it as a charge card. I also have a AMEX Starwood Preferred Guest (SPG) and a Home Depot (HD) card that combined total $5,000 revolving line but have a $600 balance at the moment cumulatively.
If I look at my recent Equifax report, my total credit line is the total credit line of AMEX SPG and HD ONLY since they are my only revolving accounts. The Citi AA card and AMEX Zync card show that I have a balance, but are NOT calculated in my "balance" column on Equifax. Does this make sense? So, when I look at my credit score, my total utilization reflects my REVOLVING lines only...so my current debt ration on Equifax is 12% because of $600 (Total balance of AMEX SPG and Home Depot) / $5,000 (Total Credit line on AMEX SPG/HD). While my Citi AA and Zync show a balance, they are not calculated in my debt ration because they are CHARGE cards and are omitted from the formula, even though they show a balance.
As far as paying the AMEX bill, a good rule of thumb is to pay it when you can before due date. AMEX actually likes when you pay it well before since they always say "wow, you pay very early all the time." Which the guest services people have said to me on numerous occasions. It shows you are even more responsible.
Sorry if I babbled on
-Mike J
On my Green Card, my statement balance is always reported.
I wonder if it is different then depending on the card. My statement balance (except once out of the 3 years I've almost had the AMEX SPG) has never been my credit report balance.
I wonder if there really is no system.