@Anonymous wrote:
@Jlu wrote:
Yes you can avoid interest since your statement cut date and your due date are two different things and happen on different days. If you can ensure you balance is $0 on the due date and $350 on the statement cut date then you will achieve 1% utilization. You only need to do this if you are seeking more credit for that particular month though. No need to worry about utilization unless you are seeking credit or it is a problem where you are over 80% utility (not your case).
Not quite true.
You only need to pay the statement balance by the due date to avoid interest and leave the current months charges unpaid so they can report. .
This is what I thought as well. If your statement balance hits on January 1 and is due on February 1, you just have to pay your statement balance by Feb 1 to avoid paying interest. If your card reports on the 15th, you could show 5% util on January 15, and still pay the bill on January 31 and avoid interest AND have your util report as you would like.
