To let it report or not?

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paparoach429
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To let it report or not?

Postby paparoach429 » Wed May 29, 2013 1:26 am

So I have about $2200 out of the 3k I need to spend on my CSP to get the signup bonus and Im wondering if I should let my balance report $2200+ when its due (6/5/13) or should I pay it off now and keep in mind I have to spend atleast $800 more? Does it really matter? Im thinking it would be good to let it report over 3k before I start paying it down so it looks better when I ask for a cl increase in the future. The main reason Im asking this is because when I had to recon with Chase to get the CSP they mentioned that my highest reported balance was $1400/4k with my Citi card which actually wasn't true. After my increase I put the down payment for my car on my card and the card was actually about $3500/4k but I never let it report. How should I go about this?


rockyrock
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Postby rockyrock » Wed May 29, 2013 1:50 am

Is that $2200 all from this statement period? If you are trying to prove you can have a high balance and kill it all at once I think you need to do that in a statement period. If your statement has already closed at $2200 you probably have more to lose in the way of score by waiting.

If you are planning to carry a balance and just want to make sure you hit $3k for the bonus--do what you have to do!
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djrez4
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Postby djrez4 » Wed May 29, 2013 9:33 am

Unless you plan to apply for someything in the next month, it doesn't matter.
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paparoach429
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Postby paparoach429 » Thu May 30, 2013 3:15 am

No it has reported with something like $1400/5k. I was going to pay the minimum on the due date, let it report the high balance and then pay it instantly down by the next billing cycle. No I don't plan on applying for anything else in a really long time but as far as cli go with Chase would this be smart or does it really matter?



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