I was approved for a BofA credit card in April. It started reporting on credit reports within 2 days. I called today to see when my due date was and I was told that my statement date is May 20th and my due date is June 9th. I also asked the rep if I paid off my balance ($50) BEFORE the statement date, will they report a zero balance...she told me that they report the average usage of the card quarterly and not the amount at the end of the statement...
Does this make sense to anyone, because I am completely confused!
What the rep told me made no sense to me! I kept asking her "Are you sure"? "None of my other cards report that way" and she just kept saying the same thing! I think she gave me headache! I kept thinking...how can I keep my utilization % down if they keep reporting my average usage!