MemberSince99 wrote:That kind of confirms the suspicion I've had that Discover does not like customers like me, who do not let huge balances post. I run plenty of money through my cards I'm using (and did through theirs in the vain hope of a CLI) but I pay the bill immediately as soon as it posts so I never report much of a balance and by the time it reports it's paid, or by the next day. Discover seems to really dislike that philosophy, contrary to most other lenders who like that kind of thing. That is a bit of confirmation of what I'd been suspecting.
I was under the impression that most lenders DO prefer you having a high balance towards the latter end of the statement (paid in full of course) but to show the card is being used to justify larger CL. But then again that can show as negative on credit report.
My Amex Platinum also does show up on my report, but only the largest statement balance I've had. For example, I recently made a $5K purchases (my largest to date on Platinum) and that showed up as my "limit" on the card. Spoke with a rep and said they do that, so the CRA have an idea of your purchasing power, per say, being that you have to pay in full each month.
Just another perspective on this item.
PS - I don't want to foolishly mess up my good-standing with Amex so don't necessarily overdo it on charging it up. One mistake is fatal with Amex. I've read the horror stories.