How many payments do you make a month?

[Anonymous]

Once a month for me on normal months, I let everything report so the usage is recorded.  On months that I app I follow the one card at 1-9% rule.  All my due dates are at the end of the month and I make my payments at the beginning of the month.  Makes everything simple and easy.

[Anonymous]

I make one payment per month. I read users who make multiple payments per month.  That they're concerned about their utilization and they try to convince credit card companies to increase their credit limits, etc.. I use my credit cards, they send me a bill, I send them a check. I know it's old school. But it works. I don't have time to worry about how much I'm letting a statement show. I just make sure I pay on time. I've never asked for a credit limit increase.  I've just always gotten them automatically. Just pay on time. That's what I've found the secret to be. 

[Turbobuick]

One payment per month. Never paid more often. It's worked fine for 40+ yrs, don't see a need for change. 

[Anonymous]

As many times as it takes to keep my utilization in check. Sometimes I go out during the week and use my cards unexpectedly so I try to keep the balance at a certain amount. If I want to have say 2% utilization for the month I make sure my  balance is close to that amount no matter what.

[Anonymous]

I put spend on my 3 Chase cards every month. Pay after statement cuts, usually hover between 1-3% overall util. Individual cards will be higher. I've built up a buffer in an extra account (not my checking) that would allow me to pay off all cards right away if trouble came. I don't spend what I don't have though...been there and done that. Took a long time to recover and learn from that.

[Anonymous]

It all depends.  I try to have most of the due dates aligned.  So if it is a newer account, its a tossup.  I may want them to give me a larger credit line so I dont make multiple payments....and I may also be trying to maximize my 5% checking dividends as well (for the ones that are not based on average daily balance but instead actual end of the month balance, a rarity).

When I had 3 or 4 cards with limits at 1-2k, I was making payments every week.  Then once I started shifting more spend on the cards for rewards etc I had to make more payments.

I can honestly say in the last year I have not had to deal with this until my new spg card.  Spend 5k in 90 days and another 3k 90 days after that. With a limit of 3.5k...

Generally speaking, I pay 3-5 days before the due date, one payment, to take advantage of the grace period, to maximize dividend return.  I saw no significant increases in scores paying before statement cut date, but that is because of my specific profile.

[Anonymous]

I pay everyday. I guess between 30 and 40 payments a month across the 3-4 cards I actually use. Tiny limits, and 80% of my spending is for the business. This habit is so ingrained in me at this point that I doubt this routine will change much even when the limits are higher. No matter my limits, I couldn't see myself paying less frequently than twice a week.

[Anonymous]

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@Anonymous wrote:

I pay everyday. I guess between 30 and 40 payments a month across the 3-4 cards I actually use. Tiny limits, and 80% of my spending is for the business. This habit is so ingrained in me at this point that I doubt this routine will change much even when the limits are higher. No matter my limits, I couldn't see myself paying less frequently than twice a week.

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I understand what you are saying about low limits but are they releasing the credit limit in synch as you make so many payments?

[Anonymous]

It depends on the account. If I'm paying off a balance, I make weekly payments. I used to make multiple payments a month on all cards, but it became too much of a hassle. Now, I make 1 big payment before the statement generates (usually). Since I don't micromanage my accounts anymore sometimes a statement or three closes with a balance.

[zerbherb]

some months i pay in full

other i pay down to like 20-15 and let that hit

others i pay down before the bill cycle ends so it reports as zero