using my cc

[Birdmanxx]

Hi guy 

I'm new in here I'm gonna ask silly qustions so sorry but still learning 

I got 2 cc

boa; 2K

Discoverit :500

so my qustions is ,is it ok if i used all 2K in BoA everymonth to pay my apartment and other stuff then pay it in full before statment date and due date , also  will it help me to increase my limite ?

will it report it that I use my whole balance even if I pay it in full ?

thank you in advance 

[user5387]

If you max the card and let the balance report, and then pay it, you will likely do yourself major harm.

You would need to pay down the balance before the statement date to get away with this.

[milkshakes]

the CC companies are primarily concerned if you let the statement pass and you build interest without even paying the minimum.

in general they don't like it when you max your CC out even if you pay in full because there's always the worry that "next month you might max and not pay in full." they recommend that you only use a small percentage of what you're actually able to (<30% and ideally under 10%). this is called credit utilization ratio. so if you have a 2k credit limit, 30% = $600. so even if you pay in full (PIF) every month before gathering interest you do yourself harm because youre "a bigger risk."

also, when you say apartment, keep in mind that most of the time you can't pay your rent with a CC (not by going through a third party who will charge a 2-3% rate, anyway. which isn't worth it).

[takeshi74]

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@Birdmanxx wrote:

so my qustions is ,is it ok if i used all 2K in BoA everymonth to pay my apartment and other stuff then pay it in full before statment date and due date , also  will it help me to increase my limite ?

will it report it that I use my whole balance even if I pay it in full ?

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Not as you describe.  In other words:

PIF before statement cut and 0 balance reports.

PIF after statement cut and whatever the full balance was will report.

Whatever the balance is at statement cut is what reports -- unless the card is one of those that reports at a point other than statement cut.