I have an available credit of $1000/$2000
I made 4 seperate purchases
I made them all 6 monthly payment plans
I paid extra more than what was due
I have a negative balance of 450 so balance -450
But my available credit is still 1000/1000 because the rest of my payments aren't due yet
So I spent over 35 percent of available credit at 50% right now with a negative balance of 450
Will my credit get better or worse?
I'm considering cancelling one or two of the equal payments and just paying it out since I don't need the card to give me time I just use it for those juicy rewards points
Walmart MasterCard question
byu/SQUATS_FOR_DAYS69 inCreditCards
Posted by SQUATS_FOR_DAYS69
1 Comment
Utilization has a short term impact to your score, but paying your balance mid cycle to reuse your credit is called ‘credit cycling’ and can put your account at risk for closure. The lender decides on that limit for a reason, you could try calling to request a limit increase if you have a good history with the card