topic Re: Credit card reporting in Credit Cards

Credit card reporting

Anonymous — Sun, 03 Jan 2016 16:29:18 GMT

If a card statement closes on the 8th, but it reports 5 days later am I able to use that card after the statement is cut or do I have to wait until it reports for utilization purposes?

Re: Credit card reporting

core — Sun, 03 Jan 2016 16:48:28 GMT

You can use it right after your statement cuts. This assumes you are not dealing with an oddball like US Bank / Elan who report your end of month balance regardless of statement date.

Re: Credit card reporting

Loquat — Sun, 03 Jan 2016 17:50:54 GMT

I've even used my card on the day the statement cuts because I know my charge won't post to the account that fast (meaning the day of statement cut). It'll take away from my available amount but my statement will still cut with a zero balance because pending transtractions aren't figured into the balance...at least not on any of my cards.

Re: Credit card reporting

myjourney — Sun, 03 Jan 2016 17:55:39 GMT

You can use it the same day the statement cuts or in my case I may use a card each and everyday of the month

Remember if it's in pending when statement cuts when that transaction clears it goes toward the next statement