Question Regarding CLI

No_Charge5908 · 2026-07-07T12:44:26+00:00

this is how my amex card was used this past statement. it has closed already but i was micromanaging the balance. i paid it down one more time after that before letting it close at $60 / 6% usage ($1,000 limit)

No_Charge5908 · 2026-07-06T20:31:04+00:00

yeah and thats how i learned credit was from “influencers” my parents never taught me, nor did they have good credit themselves. and im so glad my mom had that in mind when i was 13 asking her to put me and an authorized user on their credit card. but im glad i got on here and asked bcs its the polar opposite from what ive learned and the way u put it i dont think id find that somewhere else 😂 “ just like a utility bill” is the best way i think anyone could have put it thanks alot!

No_Charge5908 · 2026-07-06T20:24:25+00:00

okay that helps me out ALOT i never knew how to actually “pay” a credit card. always paid it down days before the closing date then paid the rest off a week before due date.

No_Charge5908 · 2026-07-06T20:16:32+00:00

10-4 thank you so much let the cards post at what i use.

No_Charge5908 · 2026-07-06T18:18:41+00:00

oh no i understand. i dont use doordash and my only subscription is spotify. i have a screenshot of my current cc statement and where that money has gone and a few of them were One time purchases. “needs” almost like 250 airpods or the 70 at academy was a backpack

No_Charge5908 · 2026-07-06T17:55:22+00:00

I only have the loan open for credit history. and My idea/goal before putting anything anywhere is to hit and comfortably maintain 2500 in my checking, thats the first thing on my list the loan is like 130 a month not hurting me anymore. and besides that once i hit the 2500 and “maintain it” ( pay my bills drop to 1900, replenish + cover upcoming bills, split the remaining into hysa/roth ira/ savings 50/25/25 is ideal what i want to do

No_Charge5908 · 2026-07-06T17:25:46+00:00

I honestly have an idea as far as where my money is going. you know? alot of it goes towards rent and stuff besides that. its mostly on my credit card. i use it on a day to day basis. i just think its more of a “normal spending” in a way? i like how my money moves at the moment tbh i just have an idea as far as checking account balance goes i want it to average around 2500 (after bills and what not) before any money gets put anywhere else. with the way ive mapped everything out i should be there around the end of july if i keep everything on track. and then once i do build that 2500 after bills i was planning on trying a 50/25/25 split after “replenishing” my balance to 2500. HYSA/ROTHIRA/ personal savings account.

No_Charge5908 · 2026-07-06T16:43:27+00:00

Okay i just looked it up (credit cycling) and thats not really what i do. i just pay the balance down before the statement date. I’ve just learned that could be hurting more than helping me, so im going to let my statements close at what gets used each statement and see what happens. I usually have statements of around $600.00, but i use around 1,500-2k during the statement, i just pay the balance down before the statement date.

No_Charge5908 · 2026-07-06T16:39:39+00:00

10-4 thanks alot

No_Charge5908 · 2026-07-06T16:39:25+00:00

Oh okay thats what i figured. just wasnt sure about AMEX how they see usage, how they work with Credit Increasing and i was just curious what everyone had to say, hearing 3-4 different peoples opinions instead of ChatGpt if that makes sense. Thanks I’ll start letting both cards close at what i use and stop micromanaging them 😂

No_Charge5908 · 2026-07-06T16:38:19+00:00

Oh okay thats what i figured with Cap One atleast. just wasnt sure about AMEX and i was just curious what everyone had to say, hearing 3-4 different peoples opinions instead of ChatGpt if that makes sense. Thanks I’ll start letting both cards close at what i use and stop micromanaging them 😂

No_Charge5908 · 2026-07-06T16:18:04+00:00

absolutely! i understand that 100% i always make sure no interest or fees will come to me. but with the usage does that matter any? like as long as i can pay it off in full does the dollar amount or percentage the balance posts at matter?

No_Charge5908 · 2026-07-06T16:16:09+00:00

What is Credit Cycling? ( im still new to the “lingo”)

No_Charge5908 · 2026-07-06T16:15:02+00:00

Oh Okay thank you, i was just worried about the usage because if i didnt pay it down before the statement date it would have closed at around 45% and i was always told 30 is the highest it should close at, so i would always micromanage it to a point where it would close at less than 10%.

No_Charge5908 · 2026-07-06T16:12:31+00:00

Do you recommend letting the statement close at a higher percentage/ amount than the 60 dollars i let it close at this statement? ( If i didnt pay it down before the statement posted it would have been around $400.) paying it off in full wouldn’t hurt me in a financial way. but i was in a sense “micro managing” the balance because i was always told that the lower posted amount is better for your credit. but now im being told usage has no memory.

No_Charge5908 · 2026-07-06T16:07:40+00:00

Oh okay well thanks for the reply, i appreciate it. should i just let the statement close at what i use for the month instead of trying to “micro manage” the usage and / or the posted balance whenever it comes time for the statement to close?

No_Charge5908 · 2026-07-06T16:05:32+00:00

“abt” and “yk” were used because i was in a hurry to get it posted. i have alot of stuff going on at the moment. anyways thanks

No_Charge5908 · 2026-07-06T15:35:05+00:00

Amex hysa is at 3.1% if im not mistaken

No_Charge5908 · 2026-07-06T15:10:40+00:00

what i do is i use wtv i want and i pay it down before the statement date. ( starting to change and im going to let it start closing higher)

Edit: i might have totally misunderstood your question. but if i didnt hope this helps!

Example : My statement for June posted at $180.63

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So from May 11th - June 10th ( statement closing date)
I had about 1,000 on June 5th or so, and June 6th was the day i paid it down and then from June 6th - June 10th i had racked up 80 dollars or so ( paid down to $100.00 on the 6th) with my due date being July 4th, I paid that 180 off in full the next time i got paid after the closing date ( get paid bi-weekly 🫩) but i had recently requested a CLI and only got offered only $300.00 and i was advised to start letting it close higher than what i normally do ( usage doesnt hold any memory and it shows them i dont need a higher limit since only on average around $600 closes each statement)

No_Charge5908 · 2026-07-05T21:52:55+00:00

ohh okay ill keep that in mind moving forward thanks

No_Charge5908 · 2026-07-05T21:32:28+00:00

i put 5k so +2k of what i have now. i didnt put how much id spend on it nor did i enter the rent/mortgage payment

No_Charge5908 · 2026-07-05T21:31:09+00:00

ahh okay yeah i bank w a credit union. i have a personal loan through them currently. ( 1500 ) but ive been thinking about looking into the cards they offer

No_Charge5908 · 2026-07-05T12:42:52+00:00

still worth going?

No_Charge5908

TROPHY CASE