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@Anonymous wrote:
Is it best to pay credit card when the statement cuts or before it cuts for better scores?Thanks In Advance!
PIF before the statement cuts. If you have a few cards just only let one report no more then 10% of your CL.
@Anonymous wrote:
Don't you know that 10 bucks took my scores down 10 points! Argh...
Get out of here I been caring balances on most of my cards for the last 6 months wondering why my scores didn't change much. I'm gonna see how things change up cause I have 12 accounts I'm only gonna let one report a small balance.
mjbfan79 wrote:
@Anonymous wrote:
Don't you know that 10 bucks took my scores down 10 points! Argh...
Get out of here I been caring balances on most of my cards for the last 6 months wondering why my scores didn't change much. I'm gonna see how things change up cause I have 12 accounts I'm only gonna let one report a small balance.
the only advantage paying before the statment cut down number of accounts balances if geting ready to apply for credit, it will boost your score
otherwise cutiing 20- 25 off yor free loan, not woth the troubl.
@Anonymous wrote:
@Anonymous wrote:
Don't you know that 10 bucks took my scores down 10 points! Argh...
Get out of here I been caring balances on most of my cards for the last 6 months wondering why my scores didn't change much. I'm gonna see how things change up cause I have 12 accounts I'm only gonna let one report a small balance.
Yep. 10 freakin dollars. I was so mad! I'm glad my mortgage LO pulled before Discover reported! I seriously get the best scores when I let one card report LESS than $5. Yep, I can report $5 for my best score. How silly. And, this is $5 on $8000 CL....so it's not like it's even close to 1%. Like Hauling says, once you realize your sweet spot it becomes torture to make sure all falls into place. Hehe.
@Anonymous wrote:the only advantage paying before the statment cut down number of accounts balances if geting ready to apply for credit, it will boost your score
otherwise cutiing 20- 25 off yor free loan, not woth the troubl.
To some extent I agree. No need to be a freak about it if you aren't applying for credit. However, with the economy the way it is and banks chopping credit limits and closing accounts left and right I think it's a lot safer to pay before the statements cuts particularly if you put a lot of $ through your cards each month. I put a few thousand through my chase card every month and would never let that report!
blackjack59 wrote:
Thanks to all for that imformation.So is it also true that if i pif before the statement cuts i pay no interest or very little?