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Pay off balances before or after statement?

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Pay off balances before or after statement?

I just used my Kohl's card to make a small purchase because I read that utilization is necessary to build the score. That said, do I have to wait to pay off the balance until after the statement for it to make a difference, or would I get the same result if I paid it off before the statement issues? They do charge interest on the statement date. I'd prefer to pay none, but I guess I will if I have to. 

Message 1 of 3
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Established Member

Re: Pay off balances before or after statement?

When the statement comes out it shows your balance. They don’t charge interest just yet on most cards. If you don’t pay in full by the due date then they charge interest.
I’ve not paid a cent in interest and what I do is pay after the statement but before the due date. That way my report shows a balance and that I’m using the card but don’t get stuck with any interest.
Message 2 of 3
Senior Contributor

Re: Pay off balances before or after statement?

Welcome to the forums! How many cards do you have? Just the 1? Or more.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
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