Maxing out Credit Cards.....On purpose?!

[Girlzilla88]

I just got my house I know my score will drop but I wanted to see how low my score will drop if I add the house and have all my information maxed out......No I won't be late on payments I have 0 late payment history as well as no DEROGS but I wanted to see also which cards frown upon it and which ones are more willing to offer extra limit to see it get used.     I know that my Chase card last time I topped it out and paid it off quickly I got a nice Increase so curious to see if that happens again.....I know Amex when I asked for my increase I did have a balance and they denied it partially for that reason so I know they don't like to see the limit being used.       I know this may sound crazy but I thought since I am in the garden house anyways why not see what helps and hurts while I have the opportunity before I need to use my credit again in a few years     Wish me luck this may get ugly Haha.

[Anonymous]

Chase may be pleased if you max their card and pay it off immediately but if they see you maxing everything you may risk even closures and i think that applies to every credit card lender.

Imo if you want to test things then max one at a time and not all of them together. That would be a more reasonable test.

[Remedios]

---

@Girlzilla88 wrote:

I just got my house I know my score will drop but I wanted to see how low my score will drop if I add the house and have all my information maxed out......No I won't be late on payments I have 0 late payment history as well as no DEROGS but I wanted to see also which cards frown upon it and which ones are more willing to offer extra limit to see it get used.     I know that my Chase card last time I topped it out and paid it off quickly I got a nice Increase so curious to see if that happens again.....I know Amex when I asked for my increase I did have a balance and they denied it partially for that reason so I know they don't like to see the limit being used.       I know this may sound crazy but I thought since I am in the garden house anyways why not see what helps and hurts while I have the opportunity before I need to use my credit again in a few years     Wish me luck this may get ugly Haha.

---

So, you're willing to risk AA because you want to see what happens? 

If you max out cards for one billing cycle or so, then either PIF or make substantial payments, you'll be fine

If you're planning on maxing cards, keeping them that way while you make minimum payments while you "dont need credit" a lot of bad things can happen.

I'd worry about getting CLD, balance chasing and cards being closed by issuers. 

[Kforce]

---

@Anonymous wrote:

Chase may be pleased if you max their card and pay it off immediately but if they see you maxing everything you may risk even closures and i think that applies to every credit card lender.

Imo if you want to test things then max one at a time and not all of them together. That would be a more reasonable test.

---

+100

One at a time or it will look just like "bust-out-fraud"

Credit limits are not worth playing these type of games. (IMO)

[NRB525]

You have $1k on the AMEX and $6,300 on Chase? What caused the scores in mid-500’s? Was that visible to AX or Chase?

Improved limits will come with a history of paying on time. Maxing a $1k card should be done if you pay it off by the payment due date.

I had large balances in the past, and it does result in CLD if many balances are being carried. If you are carrying balances ( not paying off immediately and getting interest charges ) they may just watch you and wait for payments. No one can say if this triggers a CLI. Carrying balances is a risk factor.

Let us know how things go.

[HeavenOhio]

Don’t do it “just because.” If there’s a good reason for a high balance, check here first.

That said, most lenders will tolerate maxed for a brief period as long as it’s paid down significantly and promptly.

[Anonymous]

I can't say I understand your reasoning here.  It appears you think that you will get a point bump by maxing all cards and then paying in full?  Problem with that logic is how these cards report to the agencies, its not likely that all will report the same days so you won't likely see as clearly as you think the impact.  Had a very tough year last year and had to nearly max all of my cards (87%) for a family medical issue.  It hammered my scores and several creditors reduced my credit limits as soon as they saw that my utilization spiked.  Just paid them all off in late April but the reporting from each creditor is sporatic at best so while it has been well over 30 days my utilization is reported at 29% instead of 0%.  Point is it will take another month for all of those cards to report and see the acutal impact.  I can tell you that going from 87% to 29% has increased my scores by about 100 points.

I know some of the new models look at the past 24 months so perhaps those scores would treat this differently.

[SBR249]

I know that a decade ago when I was in college I maxed out my AmEx (~$2K) in the first month buying a computer (PIF after the statement cut of course) and they doubled my limit on the next statement. I think to this day, that statement balance still shows as the "high balance" on that TL on my credit reports. 

[Anonymous]

https://hobbyhelp.com/inspiration/list-of-hobbies/

[Anonymous]

Screw it, I'll be your support group. I'm drawn to train-wrecks.

1. Max them all as fast as possible.

2. Make your minimum payments or whatever will keep them from going over limit. 

3. ????

4. Profit

Standing by for future updates.