So if I always pay before statement cut?

[TRC_WA]

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@Anonymous wrote:

Unless you are planning on applying, all you are doing is giving away your grace period.

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Agreed.

Also... a history of letting your cards report a $0 balance and then running up a large balance could also potential spook your creditors... since they'll have no history of you letting a large balance report and then paying it off.

The entire 1-9% reporting game isn't necessary unless you are making a large purchase in the next 30 days. 

I let a $4800 balance report on my Sallie Mae card last month... lost 6 FICO points... paid it off this month and a new balance of $1200 reported.  I got the 6 points back.

They didn't CLD me either.

Now I'm going to go outside and enjoy the cloudy day... (I'm in Seattle)

[SOGGIE]

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@Anonymous wrote:

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@Anonymous wrote:

So i pay weekly and $0.00 reports, is this bad? Is this hurting my score?

Do it look like I never use my credit cards? I will start to try to have a balance report but then I have to remeber a due date versus just paying it.

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The rule of thumb is to have 1%-9% reporting on a card.  That will also let the naysayers know you are using your card and also helps maximize your score...

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^^^^^

[Anonymous]

My utilization has pretty much always reported from 20-60% on any one to two cards. I let my statements cut unless the amounts owed are trivial to avoid the "balances on more than 50% of TL" penalty.

[Anonymous]

You could just look at your statements to see the posting date.

[Jerry45]

If we are atalking about Walmart. Here is the trick to get a statement , overpay your balance by 10 cents. Bu you can not do this online, they will reject any overpay. Pay in store. This way it reports as zero on the CR's and generates a statement.