cancel
Showing results for 
Search instead for 
Did you mean: 

Does your CC usage before the monthly statement closes affect your credit score?

tag
enharu
Super Contributor

Re: Does your CC usage before the monthly statement closes affect your credit score?


@money_talks wrote:

Alright, so just to be clear, banks only report your current balance and NOT your current available credit as of the date the statement closes. Your current available credit has no impact on your credit score as long as any pending authorizations have not been posted to your account balance.

 

Is that correct?


Yes

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 11 of 13
tinuviel
Moderator Emeritus

Re: Does your CC usage before the monthly statement closes affect your credit score?


@enharu wrote:

@money_talks wrote:

Alright, so just to be clear, banks only report your current balance and NOT your current available credit as of the date the statement closes. Your current available credit has no impact on your credit score as long as any pending authorizations have not been posted to your account balance.

 

Is that correct?


Yes


+1


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 12 of 13
money_talks
Frequent Contributor

Re: Does your CC usage before the monthly statement closes affect your credit score?

Cool, thanks enharu and tinuviel!

Message 13 of 13
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.