The only drawbacks are if the creditor limits the number of payments that you can make and the associated hassle with micromanaging utilization.
Utilization is just balance(s)/available credit. Number of payments isn't factored in.
MR.SVT wrote:Or should I just let the balance pile up and pay it off all at once?
Your call. You just need to ensure that the payment hits in time to make it before your balance reports.
I don't bother with this at all but my spend and limits should put me at about 10% anyway with recent CLI's. I probably wouldn't bother with it unless not paying would put me at 30% or more and/or I was apping for something. Utilization isn't cumulative so you can optimize right before applying.
MR.SVT wrote:Someone on here told me that the lenders may see this as a positive thing, recognizing that I am trying to keep my ratios low, and therefore be more inclined to raise my CL due to the fact I keep paying down my balance to avoid higher ratios. Is this true?
It's really impossible to say. Usage certainly plays a role but whether or not there is a significant impact is hard to say given the number of other factors at play and how each person's credit varies.