That's good to know, thanks for the info.
@Anonymous wrote:
@woodsie1 wrote:I didn't realize the statement would cut so soon. I haven't even had the card for a month. Maybe I'm naïve but I thought I had a bit more time. Any advice on how to rectify this, or am I screwed for this month?
Well you're in luck. Your balance probably won't report until September.
Cap1 is usually very slow at reporting new credit cards for the first time. My new Cap1's usually don't show up on my Credit Report for 2 months
Starting scores TU: 537 EQ: 571 Current Scores 8/2015 TU:641 EQ: 641EX: 643
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6200 VS: 2450 NY&CO: 2320
@Anonymous wrote:For future reference, when you get a new credit card, don't charge it up right away until you see when the statement closing date is. With Macy's and Bloomingdale's it is 2 days after you open the card. Just keep it under 25% of the balance.
Well, if one has $3k of spend to complete in 90 days, and an item that needs to be paid which will help in that spend goal, waiting to find out when the statement cuts may be a bad idea.
If you've got charges that go on the card, either for bonus spend or ongoing rewards earning, and you will be paying the bill anyway, just charge it. Too much worry about utilization, which in these scenarios is temporary.
