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credit card report date

New Member

credit card report date

hi everyone! i start working on my credit to be able to buy a house next year! Smiley Happy

i have 3 credit cards below 15% cause those credit cards are from my dad so i dont deal with that. 

Now...i have a capital one for $500 credit. I haved maxed out for the last year so the plan is to use it in full every month and make full payment every month as well to reach a better credit limit...but the Q is, if my due date is the 14, when the credit card report to de boreau? I want to pay in full and leave like $50 open to be paid on the regular due date...so im planing to pay the $450 on the 7th ... i dont know if is work like that and when i can use again the credit card....

 

thanks in advance!


Starting Score: 485
Current Score: 618
Goal Score: 700


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Moderator

Re: credit card report date

Your balance on statement day is what gets reported to the CRA, you would need to payoff the previous months statement balance by the due date to avoid interest and be sure to pay most of the new charges as well if you want $50 to report.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
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