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WE are trying to keep up or improve DH's CS.
We have say $500 in bills at the end of the month...could we pay $500 to the card and wait for it to hit the bureaus and then pay bills on it?
If you know their monthly reporting date, sure, you can up your balance and then pay it down before the next reporting date.
Any idea on how to find out? I have been reading it has something to do with their statement date?
I believe it's the date the new statement is cut, but I could be wrong. My HSBC due date is the 5th, statement date is the 11th. My new limit was reported either last night or this morning.
Some CMS services show the date repoted. TrueCredit does. Reports pulled from here do not.
Most all CCs will report the balance you had on the statement date, and will report that balance typically 2-3-4 days following the statement. The key is to time a payment prior to the statement to get your CR to report what you want it to report.