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Frequent Contributor
pjxf99
Posts: 336
Registered: ‎04-14-2008

drop date on cards

Okay, I just want to make sure I have this right:
 
I know I need to let my cards report a small balance when the statement drops, but pay it off before I get charged interest.
 
My statement period ends on the 6th. The payment is due on the last day of the month.
 
So I should PIF after the 6th but before the last day, correct? Or is it the other way around?
 
 
FAKO TU: 730 (Too poor to check the real scores these days!)
Moderator Emeritus
WhirledPeasPlease
Posts: 3,418
Registered: ‎12-27-2007

Re: drop date on cards



pjxf99 wrote:
Okay, I just want to make sure I have this right:
 
I know I need to let my cards report a small balance when the statement drops, but pay it off before I get charged interest.
 
Yes, but only let less than half of your total open accounts report a balance.
 
My statement period ends on the 6th. The payment is due on the last day of the month.
 
So I should PIF after the 6th but before the last day, correct? Or is it the other way around?
 
Pay sometime between the 6th and the 25th to be safe.  Other answers may vary.



~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Frequent Contributor
pjxf99
Posts: 336
Registered: ‎04-14-2008

Re: drop date on cards

Half of my accounts, or half my total credit limit? I'm asking because I only have 2 cards at the moment.
FAKO TU: 730 (Too poor to check the real scores these days!)
Valued Contributor
stef37
Posts: 2,205
Registered: ‎12-06-2007

Re: drop date on cards



pjxf99 wrote:
Half of my accounts, or half my total credit limit? I'm asking because I only have 2 cards at the moment.


Half of your total open accounts. Not the credit limit as that would be a real mess with 50% used!
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Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: drop date on cards

So let one card report a small balance, and have the other report $0.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

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