- Centurion Member
- Posts: 232
- Joined: Sun Jul 17, 2011 11:47 am
- Website: http://www.ivotedale.tumblr.com/
- Location: Mesa, AZ
From the different pointers I've been reading from opinion of some users here on the forum, it would appear okay to spend/utilize more than 30% of the recommended credit limit, if you could pay it off immediately, or before the statement release date. However, I just checked my TransUnion score via annualcreditreport.com, and found an interesting anecdote- it showed stats for last months activity for my Capital One card, and showed my credit limit was $500, and the highest balance at the time they recorded it was $144, which I remember doing. However, I did manage to pay that off in full several days (if not a week or more) before the statement and due date was to come.
The true ending balance for the statement release was somewhere in the $10 range. I then paid in full when that statement was available to me.
So I suppose as far as TransUnion and my CapitalOne situation, it would not be wise to go past that 30% credit utilization at all, because from this example anyhow, they can report/view your activity at whatever point, not just what's reported on your monthly statement.
Can anyone else attest to this situation? Some folks here still say utilizing more than 30%, 50%, or most of your credit limit but paying it off before the statement date is safe, and others don't even dare touch the 30% mark. Other thoughts?
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF