When to pay my amex bill

[Lebronjames20]

Hi I have a amex everyday the new one. Te closing date was the 15 yesterday . Due date I august 8. When should I pif? Thanks this will be my first bill with amex.

[Closingracer99]

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@Lebronjames20 wrote:
Hi I have a amex everyday the new one. Te closing date was the 15 yesterday . Due date I august 8. When should I pif? Thanks this will be my first bill with amex.

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On the Cards I plan to PIF I PIF at the earlest time I can. 

[newhis]

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@Lebronjames20 wrote:
Hi I have a amex everyday the new one. Te closing date was the 15 yesterday . Due date I august 8. When should I pif? Thanks this will be my first bill with amex.

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This is what I think:

Because it already closed, the card will report the balance. If you want the card to report $0 balance, you need to pay the balance before the 15.

Now that it closed and you have a balance, you can PIF any day now up until due date.

[facutardeat]

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@Closingracer99 wrote:

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@Lebronjames20 wrote:
Hi I have a amex everyday the new one. Te closing date was the 15 yesterday . Due date I august 8. When should I pif? Thanks this will be my first bill with amex.

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On the Cards I plan to PIF I PIF at the earlest time I can. 

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Ditto.

If you're concerned about your utilization ratio, pay the card down to zero or somewhere in the 5-10% range prior to the date the statement cuts, rather than after the statement cuts but prior to the due date.  If you're not concerned with your utilziation ratio at the moment, pay the card down to zero prior to the due date.  Otherwise, just be sure to make your minimum payment by the due date.

Obviously you can't PIF before the statement cuts, as that was yesterday.  So just be sure to either PIF or make your minimum payment by the due date.  I would make the payment at least a few days prior to the due date.

I put 95% of my purchases on my credit cards, so I just PIF every week / every other week.

[Lebronjames20]

Do you suggest I leave about 5% for utilization ratio.
(Typos iphone 5)

[MT936]

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@Lebronjames20 wrote:
Do you suggest I leave about 5% for utilization ratio.
(Typos iphone 5)

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leave 1-9% for utilization

[Closingracer99]

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@Lebronjames20 wrote:
Do you suggest I leave about 5% for utilization ratio.
(Typos iphone 5)

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Unless your planning on applying for a Credit card or a Loan or even a new Cellphone service provider Util % don't matter as much to keep that low. Just keeping it below 30% is fine for most of the time imo

[jd352]

I pay it on the due date. Never had a problem. Never had a charge declined. Never had a financial review because of it. Of course, there are other risks to this such as the payment no going through for some reason which could end up making your payment late if you are not careful.