Signature Visa card usage question
 

I recently converted a platinum plus BOA visa card to a signature visa version.

In the plat plus, I always used to pay 90% of the balance before the statement cuts so that utilization remains less than 10%.

Should I continue to do the same way or allow it post a high balance for the first time (cycle) and pay it in full before due date?

TIA

Continue to do what you're doing.

The actual limit will report no matter what you do. There is no benefit to letting a high statement balance report.

Thank you very much.

Actually, letting one high balance report can help make it easier to get approvals and approvals with higher CLs from other issuers. It shows you were able to responsibly manage a large balance.

I don't get why you're paying 90% of the balance before the statement generates anyway. Unless you're maxing out the card every month, you should let the entire balance post and then pay it to take advantage of the grace period and to again demonstrate that you can responsibly use credit for more than token amounts.

Paying most of the balance before it reports helps to maximize credit scores. The difference can be enormous depending on what percentage of the credit line the balance is.

Yes -- as stated above, most Signatures report limits these days.

You might want to take a look at how scoring is affected by revolving utilization. Generally speaking, the lower the reported utilization the better as long as the balance isn't 0.

This was my understanding too.

It will hurt your credit score.

Keep doing what you are doing right now. It is awesome.