Letting my first card report >50%...

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

I just paid down my Propel on a 0%. I let it report 99.9961% lol. I had the high balance at 9,999.61 on a 10k CL. It reported over 99% for 3 months. As a result, I got a 2K CLI. Ran it up to about $11,600, because I was never worried about it. 

But, I have a long card history with large limits. I lost about 40 pts on my scores, but that still put me near 800. Once you are able to establish a long history, % utilized reported won't matter much.

By maxing out my card, I was able to earn interest on my purchases until the 0% rate expired.

Back in 2007 when CCC deposited funds to your checking account with no fee and a 0% rate (sounds crazy today), I ran up 90K of free money earning interest. Not sure what my utilization was back then, but it could have topped 70%. I didn't even think about it back then, but it probably wasn't too smart on my part. Didn't get a CLD, or any hint of any card companies getting nervous. But those were very different times.

Keep improving your credit and you'll never have to think about what balance amount gets reported, even if you max out a card.

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Well with my income, it would definitely concern my lenders if I maxed out a $10K card but I get your point. 

I do not think my profile is actually that fragile with any of my lenders except AMEX -- and even then it's only because they don't know me very well yet. I mean $18K income is nothing yet even with a BK on my record and so much new credit that FICO has moved credit seeking to my number three reason code on FICO 8, I still have 720 scores and more than 5 times my income in total limits. As for thickness, even with all my seeking behaviors I still have 2y AAoA. 

I think it's much more getting comfortable with letting things report than anything else. Even before my BK I never let myself max out a card. It's very unlikely I will ever be okay with more than 80% reporting but I can see myself being comfortable with anything up to 68.9% eventually. 

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With a limited history and a BK, you don't want to report too many cards with balances, especially high utilization. But once that BK ages and falls off, it should be no problem. 

You should report some utilization each month that shows you pay off balances. And mix them up with different cards. 

Another reason I like to run up utilization is the high balance attribute on a card. I have no idea what formula they use for calculating FICO scores, but I have a hunch that high balance is used in some small way. If not with scores, maybe with CLs. If a card company sees a low current balance and a high balance number from the past, they may be more comfortable with CLIs.

With Chase, I had an initial 19,100 CL with them. Ran my 0% up to 18,900. Paid it in full and got an automatic bump to 23,600 within 1 or 2 cycles.

Hoping Wells Fargo follows suit with a CLI.

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Oh I don't disagree about high balance reporting. My QS has a high balance of $2125 and my $8250 credit limit is no doubt because I paid that balance off - it was $6250 before this last increase March of last year and it started at $300 back in 2014. 

I was pretty much just testing to see what worked as my scores were stuck at a high of 670 but my OCD kicked in along the way and I started to micromanage balances despite having no real positive movement on my credit scores. 

As for the BK, it was back in 2010 and will be gone by August next year. My scores should get a nice boost when that happens. 

Since I don't have immediate plans to get new accounts, I'll start letting all of my balances hit. With the trending data coming into play, it would actually be better to get my trending showing normal patterns that show my actual spending sooner rather than later. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

I just paid down my Propel on a 0%. I let it report 99.9961% lol. I had the high balance at 9,999.61 on a 10k CL. It reported over 99% for 3 months. As a result, I got a 2K CLI. Ran it up to about $11,600, because I was never worried about it. 

But, I have a long card history with large limits. I lost about 40 pts on my scores, but that still put me near 800. Once you are able to establish a long history, % utilized reported won't matter much.

By maxing out my card, I was able to earn interest on my purchases until the 0% rate expired.

Back in 2007 when CCC deposited funds to your checking account with no fee and a 0% rate (sounds crazy today), I ran up 90K of free money earning interest. Not sure what my utilization was back then, but it could have topped 70%. I didn't even think about it back then, but it probably wasn't too smart on my part. Didn't get a CLD, or any hint of any card companies getting nervous. But those were very different times.

Keep improving your credit and you'll never have to think about what balance amount gets reported, even if you max out a card.

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Well with my income, it would definitely concern my lenders if I maxed out a $10K card but I get your point. 

I do not think my profile is actually that fragile with any of my lenders except AMEX -- and even then it's only because they don't know me very well yet. I mean $18K income is nothing yet even with a BK on my record and so much new credit that FICO has moved credit seeking to my number three reason code on FICO 8, I still have 720 scores and more than 5 times my income in total limits. As for thickness, even with all my seeking behaviors I still have 2y AAoA. 

I think it's much more getting comfortable with letting things report than anything else. Even before my BK I never let myself max out a card. It's very unlikely I will ever be okay with more than 80% reporting but I can see myself being comfortable with anything up to 68.9% eventually. 

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With a limited history and a BK, you don't want to report too many cards with balances, especially high utilization. But once that BK ages and falls off, it should be no problem. 

You should report some utilization each month that shows you pay off balances. And mix them up with different cards. 

Another reason I like to run up utilization is the high balance attribute on a card. I have no idea what formula they use for calculating FICO scores, but I have a hunch that high balance is used in some small way. If not with scores, maybe with CLs. If a card company sees a low current balance and a high balance number from the past, they may be more comfortable with CLIs.

With Chase, I had an initial 19,100 CL with them. Ran my 0% up to 18,900. Paid it in full and got an automatic bump to 23,600 within 1 or 2 cycles.

Hoping Wells Fargo follows suit with a CLI.

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Oh I don't disagree about high balance reporting. My QS has a high balance of $2125 and my $8250 credit limit is no doubt because I paid that balance off - it was $6250 before this last increase March of last year and it started at $300 back in 2014. 

I was pretty much just testing to see what worked as my scores were stuck at a high of 670 but my OCD kicked in along the way and I started to micromanage balances despite having no real positive movement on my credit scores. 

As for the BK, it was back in 2010 and will be gone by August next year. My scores should get a nice boost when that happens. 

Since I don't have immediate plans to get new accounts, I'll start letting all of my balances hit. With the trending data coming into play, it would actually be better to get my trending showing normal patterns that show my actual spending sooner rather than later. 

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Yeah, your BK is pretty old and your limits are decent, you should be able to report balances without issue, especially if you don't need to apply form credit in the near future. You are more established than I thought. 

[Yankee2]

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@Anonymous wrote:

I decided to not pay down my Rewards+ before the statement cuts. It will report around $1050 out of $1900 when it shows up presumably when my first cycle closes on the 10th and then I'll make a $300 payment in November. 

This is going to be the highest percentage I have let a card report since my BK. I am trying to relax and stop micromanaging balances so much and it would be better for me to send the money towards my NFCU card since that's actually charging me interest (it's not much, about $7 a month but that's still money out the window) while the Rewards+ has 0% but when you get in the habit of score optimization, it's a really hard habit to break. 

Those of you who have also optimized your score for a while... how do you get yourself comfortable with letting things report organically? It's got me all kinds of stressed thinking about a card at 55%! 

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It wasn't until I started looking at this site that I thought anyone would even consider paying your credit card bill before the statement posts. (Isn't that what the statement is for??? paying the bill?? 

I would say 99.9% of the people pay after the statement posts, so if there is any concern, it's the amount you pay after it posts.....

If you PIF or a big chunk, that's what credit is for and that's what they are expecting you to do..... If you do the min month after month, I would be more concerned...

So dont worry  , your doing way more than everyone else. And I GUARANTEE   The 99.9% think nothing of only using 1/2 of thier available credit..... Besides, if you pay multiple times during a billing cycle, why would they want to give a CLI?  

[Anonymous]

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@Yankee2 wrote:

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@Anonymous wrote:

I decided to not pay down my Rewards+ before the statement cuts. It will report around $1050 out of $1900 when it shows up presumably when my first cycle closes on the 10th and then I'll make a $300 payment in November. 

This is going to be the highest percentage I have let a card report since my BK. I am trying to relax and stop micromanaging balances so much and it would be better for me to send the money towards my NFCU card since that's actually charging me interest (it's not much, about $7 a month but that's still money out the window) while the Rewards+ has 0% but when you get in the habit of score optimization, it's a really hard habit to break. 

Those of you who have also optimized your score for a while... how do you get yourself comfortable with letting things report organically? It's got me all kinds of stressed thinking about a card at 55%! 

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It wasn't until I started looking at this site that I thought anyone would even consider paying your credit card bill before the statement posts. (Isn't that what the statement is for??? paying the bill?? 

I would say 99.9% of the people pay after the statement posts, so if there is any concern, it's the amount you pay after it posts.....

If you PIF or a big chunk, that's what credit is for and that's what they are expecting you to do..... If you do the min month after month, I would be more concerned...

So dont worry  , your doing way more than everyone else. And I GUARANTEE   The 99.9% think nothing of only using 1/2 of thier available credit..... Besides, if you pay multiple times during a billing cycle, why would they want to give a CLI?  

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I mean I have had success both ways. Synchrony has actually extended me a ton of credit despite not letting most balances ever hit my reports but they're not really known to care either way. NFCU gave me the most when I didn't have balances reporting and now that I do, they've shut me out. It really depends on the lender. 

The thing is that normally I PIF so it's never been much of an issue. 

As for payments, I still make considerably higher payments than I am required to. My SavorOne that has my roommate's attorney on it has the highest balance at $1969 and only $25 due and I pay $200 a month on it. NFCU has $800 and I don't even have anything due this month because of how much I paid last month and they're getting $550. Citi will be getting $300 on a $1050 balance next month. The rest of my cards continue to be PIF. 

When I don't spend money on extras, I only put about $400 a month on credit cards and I can make $1K in payments. I'm definitely not struggling with debt or even flashing warning signs other than all the new accounts which will come to a halt once Citi and Target pop up on my reports in two weeks or so. 

[calyx]

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@GApeachy wrote:

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@Anonymous wrote:

I decided to not pay down my Rewards+ before the statement cuts. It will report around $1050 out of $1900 when it shows up presumably when my first cycle closes on the 10th and then I'll make a $300 payment in November. 

This is going to be the highest percentage I have let a card report since my BK. I am trying to relax and stop micromanaging balances

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Hahahahaha!  I decided to do this too this month with all 3 capone cards.  I have run them up to 90%, decided to show high balances. Ya know, the chick can handle it kinda thing.  Welp, chickened-out yesterday and paid them back down...a lot.  I'm so Scareduh!  I don't know why!  Report back; let me know when the coast is clear.

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Hah!   I did this once - I think it was something like 80%.    I was going to let it ride and did the same chickening out.
This quarter should be interesting.   My Chase Freedom has a pitiful limit (for my spend), and with Paypal as the 5% this quarter, I'm going to put some hurt on it.   I'm wondering if I can let it report high and not freak out about it.  Fortunately, it's Chase and so far they seem to like me (ie: I don't think I'll get AA from them) and I can always pay it off to make it get off my reports, but it still might catch my breath.

[AverageJoesCredit]

Ive had my Boa report as high as 80%+ still alive and kicking

[Anonymous]

Well it's too late to turn back now. I checked 1stBank and my SSDI is pending to go in tomorrow morning so I made all my other payments. I'll pull my scores a second time this month after the balance reports and update everyone on the results. 

[Remedios]

@Anonymous  Happy birthday

♪We will survive♪

Maybe 

[Anonymous]

Thanks Remmy!

I will survive for sure but I'm gonna be on the edge of my seat until I see what happens when it posts lol. 

It had to happen some time though. I would rather that time be when it was my choice to do it. 

[Anonymous]

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@Anonymous wrote:

Thanks Remmy!

I will survive for sure but I'm gonna be on the edge of my seat until I see what happens when it posts lol. 

It had to happen some time though. I would rather that time be when it was my choice to do it. 

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Be brave and do what I did. 99.9961% utilization on 1 card lol. Maybe someday you can.