Member
RM21
Posts: 28
Registered: ‎01-08-2013
New CC User: When To Pay CC Monthly Bill

So I've been cleaning my credit and now have 2 new unsecured Credit Cards.  One with a $300 Limit, the other with $500 limit.  I've heard mostly its about utilization.  5-9% of utilation boosts your score.  I've been told leave a balance on one, and keep the others on paid before statement or on 0% util, then rotate month to month. 

 

First, is there any more info on this I should be aware of?  Then, my main question is when exactly to pay? In order for it to be reported, it sounds like paying late then having interest added is how to get the CB's to report the utilization?  I been told to wait until the statement is cut,then pay.  To be honest, I'm still a bit confused on exactly how to do this.  I think I need to know step-by-step, when to pay, in order for the utilization to be reported. Please excuse me as this is new to me and I certainly do not want to mess this up.  Any advice is appreciated.


Starting Score: TU=594 Equifax= 605
Current Score: TU=594 Equifax=605
Goal Score: 850


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