Can someone explain to me about closing dates and due dates on card. Is the due date the date the CCC's will report your payment to the CRA's? How do I beat the CCC in posting the payment if I have high utilization and want to get another payment in before it hits the bureau? How do I know the date that they send it in?
BOA gives me my statement balance at roughtly 20th or 22nd of the month. So if I want to show lower util I pay off till whatever levels (say $200) I want it to be at before the 20th. That way it reports I'm using just $200.
Due date is the date by which you have to make the minimum payment.. If you are late I guess the late payments (30 day late, 60 day late, etc) columns in your credit report start ticking.