Does my utilization affect my ability to get CLI's even if I PIF each month?

[Hcontreras]

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@takeshi74 wrote:

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@Hcontreras wrote:
My statement cuts 3 days after my due date. I don't intent on putting $1,200 in purchases in that timeframe each month. Who would do that? It will report zero each month, again, my question is will this hurt my CLI chances in any way?

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You're a bit confused.  The following statement cuts 3 days after the prior statement due date.  It is certainly possible to report a balance of the following statement even if you PIF by the due date for the prior statement since transactions have posted since the prior statement closed.  PIF'ing is only going to fully pay the prior statement balance.  It will not pay off the following statement.

If you want no balance to report you have to pay prior to statement close, not prior to the due date.  Balance reports at statement close so paying by the due date will not affect what reports.

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No, I'm not confused. I will MAKE SURE that when my statement cuts, it will cut at zero.

[Hcontreras]

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@takeshi74 wrote:

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@Hcontreras wrote:
My statement cuts 3 days after my due date. I don't intent on putting $1,200 in purchases in that timeframe each month. Who would do that? It will report zero each month, again, my question is will this hurt my CLI chances in any way?

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You're a bit confused.  The following statement cuts 3 days after the prior statement due date.  It is certainly possible to report a balance of the following statement even if you PIF by the due date for the prior statement since transactions have posted since the prior statement closed.  PIF'ing is only going to fully pay the prior statement balance.  It will not pay off the following statement.

If you want no balance to report you have to pay prior to statement close, not prior to the due date.  Balance reports at statement close so paying by the due date will not affect what reports.

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By the way, you're confused. My statement doesn't cut before my due date. Here are my dates on my card:

due date: 18th of every month

statement date: 21st of every month

[takeshi74]

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@Hcontreras wrote:

No, I'm not confused. I will MAKE SURE that when my statement cuts, it will cut at zero.

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We only have your posts to go by.  Your OP's says "PIF before the due date" and your posts about due dates and statement end dates demonstrates a misunderstanding.  That's why we keep to clarify even though you keep dismissing us.

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@Hcontreras wrote:

due date: 18th of every month

statement date: 21st of every month

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A statement has to cut prior to due date.  They can't bill you for a statement unless the statement has ended and been closed.  The order of events is:

Statement End

Grace Period

Due Date

A grace period wouldn't fit within a 3 days window.

Statement 1's due date is the 18th.  Statement 2 would close on the 21st.

[Hcontreras]

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@takeshi74 wrote:

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@Hcontreras wrote:

No, I'm not confused. I will MAKE SURE that when my statement cuts, it will cut at zero.

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We only have your posts to go by.  Your OP's says "PIF by due date".

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@takeshi74 wrote:

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@Hcontreras wrote:

No, I'm not confused. I will MAKE SURE that when my statement cuts, it will cut at zero.

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We only have your posts to go by.  Your OP's says "PIF by due date".

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Did you read my clarifications?

[Hcontreras]

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@Hcontreras wrote:

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@lhcole77 wrote:

Using your card and paying your balance will never hurt your chances of a CLI. I'm not sure why you think it would.

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It's not the action of using my card and PIF each month, I know there's nothing wrong in that, we all do it all the time.....my question is if I take my utilization (within the month) to about 30-40% then pay it all off before the due date. Will it hurt my chances with Chase (internally) when it comes time that they consider CLI's?

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Here is what I'm asking...

[VirtualCuriosity]

I don't feel like jumping in to the debates throughout the thread.  However, if you ever just want to take a simple poll on whether it will hurt you CLI increases, chalk me up for no it shouldn't.   It didn't hurt me when I got my CLI with them.

[DaveSignal]

I have 2 cards that I PIF before the due date.  The next statement usually cuts 3 days later showing a balance somewhere between $1.5k and $3k, depending on how much I used them over the month.

Ex:  Statement cuts on 18th showing a $2k balance owed.  This is due by th 15th of the next month.

       I keep using my card, because I am a normal user of credit cards.

       On the 15h, I PIF the $2k from the last statement.  Because I PIF by the due date, I am charged no interest.

       3 days later, on the 18th, the statement cuts showing $2k owed, the amount of credit that I used over the past month.  If I PIF by the next due date, I will again not be charged interest.

This is kind of a normal use of credit cards.  Lenders will grant CLI if you do this sort of thing.

Paying before the statement is not quite normal, although a lot of credit forum members do it to manipulate utilization.  I have heard of lenders not granting CLI in cases where $0 is constantly being reported, but this is not the case for all.

[Hcontreras]

Thank you DaveSignal - That was precisely my question. I wanted to know whether or not PIF and reporting 0 balance every month would hurt my CLI chances with Chase.

[lhcole77]

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@Hcontreras wrote:

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@lhcole77 wrote:

Using your card and paying your balance will never hurt your chances of a CLI. I'm not sure why you think it would.

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It's not the action of using my card and PIF each month, I know there's nothing wrong in that, we all do it all the time.....my question is if I take my utilization (within the month) to about 30-40% then pay it all off before the due date. Will it hurt my chances with Chase (internally) when it comes time that they consider CLI's?

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Utilization only counts when it is reported. And it is only reported when a balance posts. So I am still not clear why you think a 0 balance/0 UTL would be an issue.

OP: Some of your posts seem a bit aggressive, or at the least you seem irritated. I would welcome other people's feedback-since you asked for feedback-without adding snarky undertones. Everyone is just trying to help answer questions by providing their experiences and/or thoughts.

[DaveSignal]

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@Hcontreras wrote:
Thank you DaveSignal - That was precisely my question. I wanted to know whether or not PIF and reporting 0 balance every month would hurt my CLI chances with Chase.

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Generally, any time you are using the card and paying the amount owed every month, you are showing good history with the card.  You can still PIF (to avoid interest) and let statements show balances.  Some lenders like to see this once in awhile as it will then show a real balance owed and give a due date where more than $0 is owed.  

But the amount of credit that you use over the course of the month is not going to hurt you.  You can use all of your available credit if you like.  If you are unable to pay it, however, and start carrying the balance while racking up additional balances on other cards, this could be a sign of higher risk.