There is no telling. Sometimes I make a PIF and 25 days later I get an alert that the account was paid in full. Synchrony is notorious for that.
I have a system of paying all of my debts in full on the 1st of each month.
I ran into a new situation where my statement cuts on the 1st and the payment is due on the 20th. First of all, even though the statement cuts on the 1st you may not get the email about the statement until the 4th.
On my newest CC I find myself paying on the 4th which means I am paying bills twice a month now.
Would be nice if I could change my statement cut to the 8th or 9th and payment due date to the 4th or 5th of the next month.
Okay so if I make a payment on the due date. Before the cut date pay in full will that paid in full be posted.?
Yes, but the portion that was paid after due date will accrue interest, and of course it will have to actually post before the new statement cuts.
I have a high balance on my 1500 credit card limit. I'm at a 1250 balance. It's high. I made a payment. But before it cuts could I post a payment of 1250? So when it reports. It will be a zero balance?
The statement balance is what is reported to the CRA every month usually. If when the statement cuts for the next month it shows a 0 balance, that is what will report to the CRA regardless of charges or payments made after the statement cuts...so when you have a STATEMENT BALANCE that amount gets reported and is figured into utilization. Current balance does not matter, only statement balance. If it is at 0 when the statement prints, you can max the card out the very next day and a 0 balance will be reported to the CRA.