06-17-2013 06:33 PM
I applied for an received a shiny new Discover back in April. I'm trying to show some heavy usage and requisite PIF.
Statement was from Apr 10 to May 23 (first statement), due June 18. I PIF'd the statement balance this evening so the payment will post before the due date leaving a balance of about $20 (no interest, no fees, yay!).
Statement closes on 6/23 (I presume) and the last report date was 5/23 (which corresponds with the statement date).
If I want to get best "reporting" out of this, do I need to leave it alone until 6/24 to start using it again so it reports the new statement balance of $20 to the CRA?
I have a second CC I'm also going to pay before the statement date and goal is to get them to both report for a combined ~ 9% utilization, but wanted some clarity on when I can "use" them again.
Also thanks to this forum, I've learned so much and cleaned up so much. Never thought when I started 3 months ago I'd be PIF'ing Discover card. Such a rush!
06-17-2013 06:55 PM