- Centurion Member
- Posts: 1194
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
That really will be best. If I may provide another example...
Hopefully this won't be too confusing by throwing out more numbers, but I will provide another hypothetical along the lines of what I do. Let's say - given a card with a $5,000 CL - the balance that's reported is the statement balance, and your October statement cuts with a $2,000 balance. Three weeks from now you have spent another $1,800 in purchases (for a total outstanding balance of $3,800 - this won't be reported anywhere, it is just what your account would say if you logged in). Before the November statement cuts, you would pay off the previous statement in full plus whatever you need to pay in order to get to your desired utilization. I will also ignore any transactions that post between now the the November statement date in a few days for convenience. If your goal is 10% utilization you should pay $3,300. Your new outatanding balance is $500 ($3,800 in purchases less $3,300 payment). The November statement will report $500, or 10% of your CL.
EX - 805 (2/17) | TU - 787 (2/17)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now