After your cc reports when to use?

[09Lexie]

There are exceptions, some CUs and US Bank report at the end of the month.

[-Wade-]

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@09Lexie wrote:
There are exceptions, some CUs and US Bank report at the end of the month.

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That may be true but they have to report  the info when the statement was cut

[longtimelurker]

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@Wade64 wrote:

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@09Lexie wrote:
There are exceptions, some CUs and US Bank report at the end of the month.

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That may be true but they have to report  the info when the statement was cut

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Not sure what that means!  US Bank reports the balance at the end of the month, and my statement cuts about the 5th.

[-Wade-]

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@longtimelurker wrote:

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@Wade64 wrote:

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@09Lexie wrote:
There are exceptions, some CUs and US Bank report at the end of the month.

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That may be true but they have to report  the info when the statement was cut

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Not sure what that means!  US Bank reports the balance at the end of the month, and my statement cuts about the 5th.

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Really!!!  I didn't know that........... My bad

[09Lexie]

Exactly, DCU is the same...my statement cuts on the 17 th and they report my bal as of the last day of the month.

[longtimelurker]

I was wondering why banks don't do something like report on random (changing) days each month to reduce gaming the Fico scoring.  Then, thinking more, while it is still probably a tiny fraction that does this (paying before statement cuts) the banks must like this behavior, as they get their money early (and settle with the merchants later!)

Of course, with random dates each month, the myfico strategy would be to pay after each day's purchase (on all but one card I guess) and that would be even better for the banks....

[creditscoreEE]

So how do you use it for the card that you want to report for 9% utiliz or below? Do you use the card after your due date or the same after the statement cuts?