- Centurion Member
- Posts: 307
- Joined: Wed Jan 02, 2013 3:43 pm
- Location: USA
FALSE. Absolutely do not carry a small balance.
It is better to Pay In Full once your statement arrives. If you are looking to get additional credit products (loans, cards, etc), then its a good idea to pay in advance of the statement to bring down your credit utilization. You don't need to fully pay it off before the statement end date, just enough to bring down you percent utilization. If you have a high % utilization of your available credit and a lender/credit card issuer sees this when you apply for something, they will see that you're using a lot of credit and will be less inclined to issue you more credit.
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]