@Outdoorstech1 wrote:I am a new member and I am confused on the paying in full or to leave 1-9% balance, then pay in full before the statement closing date?
If my Credit Limit is $1,800 should I not spend more then 30% of that per month, $540?
You can spend all the way to the credit limit each month. However, you want your statements to report a smaller usage. So pay down the balance to 1-9% before the statement cuts. It looks like you already did that below.. Your last statement balance was $180, or 10% or your 1800 limit.
I have a Discover IT $1,800 credit limit.
Currently as of today 7-09-14
Balance is $489
Last Statement Balance $180.00
Last Statement Date June, 25, 2014
Payment Due Date Jul 20, 2014 Min $20
(Current Statement is: May 26, 2014- Close Date: Jun 25, 2014)
I assume my current Open Date is June 26, 2014- Close Date: Jul, 25th?
How much should I pay now and in the future statements, to correclty help improve my reporting to the credit bureaus. Currently a FICO of 637. All help is much appreciated.
If you pay just the minimum $20, you will be charged interest. In order to avoid interest, you have to pay $180 (last statement balance).
I assume your next statement will cut on July 25. However, you need to make a payment by July 20 since that's the due date. You can just pay the minimum on July 20, then pay off everything but $100 or so before July 25 (when the statement cuts). There are various ways to plan it 
@Outdoorstech1 wrote:Update: I paid the $180 balance from my last statement a few days ago.
Discover currently shows the balance due $0.00 by July 20th. And the card balance right now is $485.00. I would want to pay most of the $485 (leave like $100 left) before July 25th (when statement cuts) so it reports a low balance to the credit bureaus? My CL is $1,800.
Do I have it all correct, so I can show a Low utilization?
Correct
Edit: somehow a bunch of HTML codes wound up in the post --Rev
