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Hi..if my payment due date for my Bofa CC is on Nov. 22, when can I expect the CB to receive a new updated(Lower!) balance? Is there a general rule
or is it different for each card and company? Any help will be appreciated.
Thanks!
BoA always reports for me just after the statement cuts, with the statement balance (if any)
EXCEPT in December. The last few years the buggers have been reporting mid-month in Dec., just when I'm doing my holiday shopping. I've giving up trying not to show a balance at all in December if I use my BoA at all after the November statement cut.
YMMV.
Thanks so much for the info, appreciate it. I'm trying to get my util down, and this month, I went from a 286.00 balance on my CC
to 162.00. I know I need to get it lower, but I really made an effort the last two weeks.
@fricnfrac1 wrote:Thanks so much for the info, appreciate it. I'm trying to get my util down, and this month, I went from a 286.00 balance on my CC
to 162.00. I know I need to get it lower, but I really made an effort the last two weeks.
You've done a good job. Keep working on lowering utilization, even if it is very gradual. One day you'll look back and will have surprised yourself.
I like to have my statements show a zero balance, too...but sometimes it gets a bit tricky. Things don't always post in a timely manner...credit card companies only accept so many payments within a certain timeframe, etc. Overall, try to manage it the best you can...but don't stress too much over it.
@LynetteM wrote:
@fricnfrac1 wrote:Thanks so much for the info, appreciate it. I'm trying to get my util down, and this month, I went from a 286.00 balance on my CC
to 162.00. I know I need to get it lower, but I really made an effort the last two weeks.
You've done a good job. Keep working on lowering utilization, even if it is very gradual. One day you'll look back and will have surprised yourself.
I like to have my statements show a zero balance, too...but sometimes it gets a bit tricky. Things don't always post in a timely manner.Happens rarely..credit card companies only accept so many payments within a certain timeframe,Thats comletely wrong, you can push payment every day if you wish, I even happened to send payment twice a day. etc. Overall, try to manage it the best you can...but don't stress too much over it.
Actually:
@creditwherecreditisdue wrote:Actually:
- Citi allows one payment per day and four payments per month,
- Discover allows one payment every three days.
- PenFed seems to allow as many as you can make once you are past the six months.
- HSBC is a total mess.
Haha! I agree with the HSBC statement but from my experience, it's once every 3 days. This could be different for everyone though LOL