- Centurion Member
- Posts: 379
- Joined: Thu Apr 26, 2012 3:15 pm
- Location: USA
From my understanding that It is fine and will not effect your score if you max out and make multiple payments in one billing cycle just make sure than before it closes that it is under the 10% utilization.
For example my bill closes on the 23rd of the month.
I buy a whole bunch a crap that month but my llmit is 500 bucks
On the first 1st I buy a new TV for 480, the next day I pay it off the next day
On the 5th of the month I buy a new camera for 450, I pay it off the next day
On the 10th I buy a new computer for 490, I pay it off the next day
So I went the whole month and charged close to 1500 on a card with a 500 limit. As long as my balance is 0 on lets say the 20th and I do not use it again until the 27th which is the next cycle I am fine and it will NOT affect my credit score negatively.
March 2011- Wellsfargo Cash Back College Card
May 2012- Chase Freedom
May 2012- Discover IT
August 2012- American Express Blue Cash Everyday