- Gold Member
- Posts: 29
- Joined: Tue Feb 25, 2014 5:54 am
- Location: Ohio
OSBRanger wrote:I have 3 months to spend $1000 to get my free Amazon prime account. My CL is $1k...
I have to make some fairly large purchases that total to about $970. I have the money to pay it in full.
My question is if I make all the charges it would show 97% utilization for this upcoming billing cycle. If I make the charges and pay it down to where my balance was only $100 (10% utilization) at the closing date, will I still be able to get my Amazon prime account?
Does one month of high utilization hurt you?
You should be able to spend the 970, pay it off as soon as it shows up online, and then pay it off in full instantly even before the billing cycle ends, thus showing 0% utilization.
Whats's in the wallet: Discover It - $3,800 (5% rotating, ShopDiscover), Sallie Mae Rewards MC - $1,000 (5% on gas, groceries, and Amazon), Chase Freedom Visa - $1,200 (5% rotating + 10% extra w/ Chase Total Checking), PayPal Extras MC (1.66% on PayPal, 2.5% on Restaurants- $3,000, Bank of America Cash Rewards Visa Signature - $5,000 (Signature benefits), PNC CashBuilder Visa - $1,000 (Don't use), Fidelity Investment Rewards Amex - $5,000 (2% on everything)
. . . and some store credit/charge cards.
-US Bank Cash+ (for the 5% categories)
-1-2 0% APR cards for some big purchases I'll be making within the year