Quote:
Originally Posted by Wrecker335d
This is what I got confused by. I routinely have my cards hit 90-100% of the limit during the month (it's only $3k for each), but the day before the due date I pay it down to 5%, and don't use it until the day it reports (4 days after due date for NavyFed) a 5% used CC on the statement. Maybe this is what they were trying to say as well. I don't believe going over 50% of your limit in between statement balances is going to hurt you, as it doesn't for me.
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If you were applying for a loan at the same time, it would not be good, but otherwise, doesn't matter. I can't do that, my navy fed is 25k, citi 35k, chase 25k, penfed 20k, Amex cut me to 10k for non usage. If I used it up to the limit it would make for nice rewards, but I'd be spending too much. I go as high as 3k on a bad month but always pay in full.