Clarifying How to PIF a CC to Avoid 0% Util

[mrjohnsonsgoals2]

Hey everyone, quick question:

My statement for my $1000 Chase Freedom card cut, I see a minimum payment option of $25, and the total balance is $80 (8%). My due date is March 28th, and I want to pay in full (PIF) now. Will paying in full today, March 4, result in a 0% utilization reporting, or has the 8% already reported/can I PIF now?

I have some things I'd love to buy but I want to make sure I don't tip the utlization over or report a 0% utilization (this is my only credit card)

Thanks!

[Chris679]

They will report the statement balance of $80. Now that the statement is cut you can charge away just pay the $80 by the due date to avoid interest and then pay down whatever you want to keep utilization down for next month.

[Peter1142]

Most creditors report the statement balance when the statement cuts

[Irisa]

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@Peter1142 wrote:
Most creditors report the statement balance when the statement cuts

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This is true, but Chase sometimes updates 0 balances if you PIF a few days after statement cuts. It's happened to me twice. I paid my statement balance a few days after it reported and next thing I know, I get a SW alert saying Chase updated my 0 balance.

[Irisa]

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@mrjohnsonsgoals2 wrote:

Hey everyone, quick question:

My statement for my $1000 Chase Freedom card cut, I see a minimum payment option of $25, and the total balance is $80 (8%). My due date is March 28th, and I want to pay in full (PIF) now. Will paying in full today, March 4, result in a 0% utilization reporting, or has the 8% already reported/can I PIF now?

I have some things I'd love to buy but I want to make sure I don't tip the utlization over or report a 0% utilization (this is my only credit card)

Thanks!

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You can charge more now. Chase won't report a higher utilization before your next statement cuts, but I wouldn't recommend you PIF yet. They might update that 0% utilization since your statement just cut.

Hope that helps.