Date question

[notfancy]

Oct. 28 - Nov. 27, 2013 31 Days in Billing Cycle- Is this the date that I need to report the 1-9% UTL

and

DUE DATE : Dec 24, 2013: This the date to PIF by?

I just finally paid my credit cards in full,  but I'm not entirely sure of the dates.. so I guess for this month, I'd need the 1-9% UTL to be on my card by Dec 27th and then I'd need to PIF again by Jan 24th?

(this example is Cap 1 which was my cards with the nutty balances of 60-98% UTL)

**edit** I changed my  due dates on both cards so they both are due on the same day and the handy date changer gave both dates so now I have the due dates of the 14th and then the cycle end date is the 17th...  So, I assume they report to the Credit Bureaus on the 17th, 3 days after I pay?

[colinstu]

Statements "cut" by a date before the due date date. From what I've seen... it's been anywhere from one to two weeks before the due date (I think it's usually two weeks). The balance that shows up as the amount "due" is what is reported to the credit bureaus (this is done at another unknown date, it varies between CC companies). Any pending purchases at the time won't be part of that balance, and all charges made after the cut date and before the payment date also aren't reported (but the CC companies obviously still know and add it up on later statements, just don't report it if paid before the cut date and PIF new charges after the cut date before the due date). 

It's confusing. 

Regardless, once you figure out when the statement cuts (when you're given a "balance" and a "minimum due"), you can either pay a portion of the balance (or all of it) beforehand, so when it does cut, the UTL ratio you want reported can be reported. Once the statement cuts, charge to your heart's desire, and then PIF those new charges at the due date. 

So let's say you have a $1000 CL. Due date is the 30th. Cut date / date the min due is calculated is the 15th. You make $100 in charges (and they're no longer pending) in that first half of the month, but you want less than 10% UTL. You pay $50 on the 10th let's say. The statement cuts on the 15th and your balance that gets reported is "$50" (5% UTL vs 10% if you didn't make that earlier payment) and the minimum due will be "$20" or "$35" or whatever. And then between that cut date and the final due date, you charge another $100, on the 29th you pay $150 (PIF). Next month you do the same, etc.

I might be messing something up. Cut date and statement dates might be different things. Citi for example seems to give statements for previous months, yet some of my other CCs give more up-to-date statements. 

EDIT: Once minimum payment has been calculated, it's too late to be playing the UTL reporting game. Pay that baby in full and try again next month. 

[coldnmn]

Most of my cards follow that pattern as always YMMV!