Frequent Contributor
Posts: 471
Registered: ‎03-29-2011
Re: New CC User: When To Pay CC Monthly Bill

For a balance to report to the CRA, you just need the statement to cut with a balance on it. You can pay that balance once the statement does cut, and definetly pay at least the payment due amount by the due date on the statement.

 

Rotating two cards won't work as you will either have both reporting a balance or neither one reporting a balance for part of the month, unless they both cut statments at the same time. Just pick one and let the statement cut with a balance on it every month. You can use the other card just PIF before the statement cuts.

 

 

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