Posting Dates and Due Dates

[Anonymous]

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?

[ccaddict]

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.

[Anonymous]

Hiya MY,

Take my discover

Due date   8/17

Closing date   8/27

I must pay by 8/17  or will be late

I can pay again before 8/27  Discover will report on all activity after 8/27

If I want my util down, I will make min. pmt by 8/17 and then another amount before 8/27

!0,000    after min. pmt. of $200    bal. 9900                    this is all aprox.

another pmt 8/26   $200                bal,9700   this is what is reported to CRA as bal.

[Anonymous]

Got it ya'll..   Thanks, seems like we have to play a game with Myfico...