@jamesdwi wrote:
@Creditobsessed12 wrote:
I am confused and I need your help. My Amex green pay by date is on the 8th of the month, however my statement closes on 4/23. Last month I paid on the 8th and then on the 23rd a balance of 598 was reported to the bureaus. How should I use this card so that I don't get a balance reported? Usually my statement cuts 3 days after my due date not 2 weeks after. For example, my statement is about to cut on 4/23 and I don't have a paymetn due but I know that if I don't pay this balance it will be reported. I really don't like this at all. It doesn't make any sense. Someone please enlighten me!!
#1 it doesn't matter, your Charge card balance doesn't effect your UTL, its part of the reason Charge cards exist.
if you really care about it reporting pay balance in full before the statement cuts.
Not correct. if you let your charge card report a balance not only does it. it will in fact affect your utilization. even though there is no limit on it to report. example if i have two 1 thousand dollars credit cards. and 1 charge card.
and i have 0 balance on the two revolvers but the charge card reports 1000 balance. then my utilization will be at 50 percent. no matter what. this is a fact. as i have tested it myself.
