Would this work?

[TheFate]

I have a GE Jewelry credit card and in order to qualify for the no interest for 12 months promo you need a min charge of $1,000. The item I'm purchasing is 1,300 but my CL is only $3,100 so to stay in the Util range I dont really want to charge more than $620.

Would I be able to charge the whole thing on the card than 2 days later pay to bring down the balance to $620? Or would it still show up on my credit report as the intial charge? Or even worst GE cancel my no interest promo?

[Closingracer99]

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@TheFate wrote:

I have a GE Jewelry credit card and in order to qualify for the no interest for 12 months promo you need a min charge of $1,000. The item I'm purchasing is 1,300 but my CL is only $3,100 so to stay in the Util range I dont really want to charge more than $620.

Would I be able to charge the whole thing on the card than 2 days later pay to bring down the balance to $620? Or would it still show up on my credit report as the intial charge? Or even worst GE cancel my no interest promo?

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As long as you pay it off or part of it before the statement cuts it will only show whats left

[TheFate]

I assumed that would be the case but just wanted to be sure first

Thank you

[Closingracer99]

Unfortunately I had a $985 balance show up on my Discover with only a $1k limit one month lol 

[takeshi74]

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@TheFate wrote:

Would I be able to charge the whole thing on the card than 2 days later pay to bring down the balance to $620? Or would it still show up on my credit report as the intial charge?

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Depends on when they report.  Balances aren't reported daily.  Just make sure you have time to pay the balance down before it reports.

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@TheFate wrote:

Or even worst GE cancel my no interest promo?

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Assuming the minimum charge is the only requirement (refer to your terms to verify) there's no reason they would.  Paying down the balance doesn't reduce the charge.

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@Closingracer99 wrote:

Unfortunately I had a $985 balance show up on my Discover with only a $1k limit one month lol 

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It's really no big deal.  You can adjust your utilization for the next cycle.

[TheFate]

I was planning on bringing the balance down the very next day.

The first time I used the card I didn't know about Uti and maxed it out, once I saw my credit score drop so much I did research then brought the balance down to 20% then spreaded the payment across the full promo period which seemed to of really helped my credit.