Everyone seems to be addressing this topic from the credit score standpoint what about the effect it will have on credit history
+1 visa signature which has no preset spending limit, instead reports your highest balance to calculate your utilization %. I once made an $11,000 purchase and paid most before the bill posted and and only a fraction got factored in as my credit limit
I recall reading on MyFICO that carrying balances on too many cards is not good for the credit score. Anyone else remember reading this?
ANY balance? Even $1.00?
They didn't differentiate.
Not sure why that would count against you, assuming the balance remains between ~1-30%.
It might be a general indicator that you're strapped for cash because you're juggling a few cards.
Meh. Would love to read the article/site if you find it, though.
WARNING! Total CC-N00B Q:When we are saying leave a dollar on the card, I assume you mean prepay all and let $1 hit the statement, but then pay it off, right? Not to just keep that $1 accruing interest...
Get a free dollar? What?
With Chase make sure it's 1.01, otherwise you'll get a free dollar!
Chase is not the only one it works for.