topic PIF or Statement balance? - NFCU in Credit Cards

PIF or Statement balance? - NFCU

Anonymous — Mon, 24 Apr 2017 01:22:25 GMT

I'm not too concerned about maximium scoring per se however want to build the "best" relationship possible w/ NFCU.

This will be my 2nd statement with them, statement balance is $982 current balance is $1206 - Do I pay the statment balance and use the other funds to pay more on my sync/amazon card (will get it below 30%, first statement) or "PIF" the current balance so statment shows 0? After splurging a little bit with all the new cards I ran into a costly home repair come end of may I will be back to under 9% on one card and 0 on all others.

Does it make any bit of difference for NFCU specifically future CLI after first 90 days + AR?

I'm sure this is kind of the same question, but does PIF refer to the balance or the statment balance?

Re: PIF or Statement balance? - NFCU

sunkissed — Mon, 24 Apr 2017 01:29:00 GMT

Just pay the statement balance by the due date. I cannot think of a reason to over-extend yourself by paying more than the required amount. Use that money to pay your other bills.

PIF = pay the statement balance by the due date.

Re: PIF or Statement balance? - NFCU

Gmood1 — Mon, 24 Apr 2017 01:30:15 GMT

Just pay the statement balance if you want to, that's considered PIF.
I don't think it will matter one way or the other with NFCU or anyone else. As long as you pay what you owe.

CC's are designed to float balances till the due date without a penalty. I say use it as it was intended. May as well use a debit card if concerned with reporting balances.

Re: PIF or Statement balance? - NFCU

HeavenOhio — Mon, 24 Apr 2017 01:33:23 GMT

PIF = pay in full = paying the statement balance. You want to do that to avoid interest. Anything you pay beyond that is "extra credit."

Paying to zero is paying the current balance, resulting in a total balance of zero. That's not necessary to satisfy your lender. But it can lead to a scoring advantage as long as one card shows a positive balance. And it feels good not to owe anything.

Definitely make payments where they're put to their best use. Paying more than the statement balance on one card when it's necessary to address a balance on another card doesn't help you.

Re: PIF or Statement balance? - NFCU

Anonymous — Mon, 24 Apr 2017 01:37:09 GMT

Thanks all much appreciated - just what I needed to see!