Paying before closing date and negatives of thereof

[Kenro]

I would like to discuss whether paying before closing date might carry negative consequences. My theory is the following and would only apply to credit card applications:

Lets say you are spending 10 000 a month on your credit card and pay off 9 900 before closing date, therefore allowing your card to only report 100$ balance. Now, that would give you a perfect score but wouldnt you struggle to get approved for "premium" credit cards, issuers of which want to see big spenders?

I personally stopped paying before closing date and let my balances report, following of-course coupled with my short credit history and 25 odd hard inquiries dropped my score to top 600 range.

Yet since then I've never struggled to obtain a credit card that was "premium" although never receiving instant decission. Recently my score dropped to 650 range and yet I`ve just been approved for Amex Platinum card, although I`ve heard their underwriting is not that special.

Ive been approved for citi-prestige with 660 EQ score if not lower, as EQ hates me and that was the report citi pulled.

[silkysean]

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@Kenro wrote:

I would like to discuss whether paying before closing date might carry negative consequences. My theory is the following and would only apply to credit card applications:

Lets say you are spending 10 000 a month on your credit card and pay off 9 900 before closing date, therefore allowing your card to only report 100$ balance. Now, that would give you a perfect score but wouldnt you struggle to get approved for "premium" credit cards, issuers of which want to see big spenders?

I personally stopped paying before closing date and let my balances report, following of-course coupled with my short credit history and 25 odd hard inquiries dropped my score to top 600 range.

Yet since then I've never struggled to obtain a credit card that was "premium" although never receiving instant decission. Recently my score dropped to 650 range and yet I`ve just been approved for Amex Platinum card, although I`ve heard their underwriting is not that special.

Ive been approved for citi-prestige with 660 EQ score if not lower, as EQ hates me and that was the report citi pulled.

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Me personally if I'm  not trying to buy a car or home a big ticket item it doesn't bother me about decline and raises in scores.That said I let balances report and as long as less than 30% of credit line I say no big deal.Personally it helped me get bigger increases and higher limit cards.The key is to pay bills on tim end stay below 30% of available credit  at anytime.Ech and every credit file is different so what works for me might not work as well for you.People too to much emphasis on premium cards a credit is a credit card and fico scores can't tell long as your not paying monthly fees and high yearly Af fees name on card doesn't matter.Fico cares about how you use card.Remember score is just  one of many factors helping to determine approval how you use it and payment history etc.. Also helps 

[_NERD]

I've been denied credit limit increases all but one time and only on one card over the last year. But then again I carried super high util balances. I just PIF 6 revolving accounts out of 7.

When the final PIF TL reports the zero balance to the 3B at the turn of the month, I will finally get to see if PIF alone made enough of a difference to make CLIs possible.