@OSUBucks1218 wrote:
I'm so confused what and when to pay my credit cards. It seems that they always report the highest balance I carried for the month. Even though I paid the card off before the due date. How much do I charge and when do I pay it off so I reflects the most positively on my credit report??? Thx!!! I hope I figure all of this out someday :-)
Pay your bill 3 days before statement cut date to be safe and that should give it enough time to post to your account'
That's what i do also remember to leave 1 card reporting a small balance
Agreed. The "due date" is not the date when the balance is reported. Check your CC statement for the "statement date" or "as of" date. This typically is your "cut date". If unsure, call your CC company to inquire on the exact statement cut date (many will also change this date for you if you find it convenient to take place at another day during the month). As the others said, make your payment approx 3-days prior to this cut date then *hold* until after the new statement is avail.
Remember though, you must still make at least the minimum payment indicated after the new statement cuts otherwise you could potentially end up with a baddie
Remember though, you must still make at least the minimum payment indicated after the new statement cuts otherwise you could potentially end up with a baddie
PS - for me, I created calendar reminders that beep me each month 5, 3, 1, and day-of for each of mine so that I'll not have an excuse to missing one . Gotta luv that Google Calendar stuff!
As far as how much to charge ... YMMV and it is simply IMHO but I've heard many say they'll charge up to 75%-90% of the CL during the month to show high usage ... but *always* get that back down prior to the statement cut date. As an example for me: My Amex has a CL of $1300 but looking at February I charged a total of ~$3000 to the card and made sure it cut at a low UTIL. Often, I'll use the card then two or three days later simply go online and make a payment for the amount of those purchases. Not only does that prevent you from going into a high UTIL but it can also prevent interest from being calculated. Again ... YMMV and this is simply IMHO. More experienced FICO-gurus may have additional details or be able to correct me
@Anonymous wrote:
PS - for me, I created calendar reminders that beep me each month 5, 3, 1, and day-of for each of mine so that I'll not have an excuse to missing one
+10000 me too
@Anonymous wrote:PS - for me, I created calendar reminders that beep me each month 5, 3, 1, and day-of for each of mine so that I'll not have an excuse to missing one
What if you have 15 cards to manage? 
OP, please refer to a similar thread: http://ficoforums.myfico.com/t5/Credit-Cards/Question-about-Chase-Freedom-s-100-signup-offer/m-p/1950759#M541072
What if you have 15 cards to manage?
8,000 beeps from Google per month? :0
@Anonymous wrote:
What if you have 15 cards to manage?
8,000 beeps from Google per month? :0
Lol agreed whatever it takes to get it done right...