Paying off all my cards this week – Score results?

Paying off all my cards this week – Score results?Paying off all my cards this week – Score results?
ubeposapes asked 4 years ago

My tax refund is scheduled to hit this Wednesday and will more than enough to pay off all my card balances as well as a 401K loan I have. My question is I see a lot of people taking a dip in CS from large payoffs so I intend to pay down to 10% usage and I hope to keep that on just 1-2 cards. My question is, should I pay them off in stages and if I do, will it negate the CS drop?

 

Credit Cards             |    Balance: Used/Limit   

 

C1 QS1:                            $ 1375 / $ 1750                 

C1 QS1 #2:                      $ 1717 / $ 2000                

Barclays Rewards:         $ 166 / $ 500                      

WalMart Store Card:       $ 116 / $ 4000                   

Amazon Store Card:       $ 495 / $ 4000                    

Chevron/Texaco:             $ 74 / $ 1500                      

Credit Union Visa:           $ 434 / $ 500                     

C1 Spark Classic:            $ 129 / $ 500                 

 

Current:

Balance     |   Tot CL

$ 4506             $ 14,750    about 31% usage

Register New Account
Reset Password