Question on Credit Card Statement cut date

[Jannelo]

So if my Cap 1 Quicksilver 1 statement cuts on the 18th, which is now today, Saturday, if I charge on the 18th will that charge be included on the statement  that is cutting or will it be included on the next statement?  I hope I am making sense.  My due date is the 15th.  So April 18th.  I owed nothing, but had a balance left on it from thoughout the month.   I left $20 on for the AZEO method, small utilization on one card.  So then the statement cut date is days later, on the 18th.  All I want to show is the $20 balance when it cuts and reports to the CAs.   My car insurance is due on the 18th.  I want to put it through the Cap 1 card, because they like a lot of use on the card and I'm aiming for a CLI in a few months.  But would paying it on the 18th show up on the next statement added to the $20 due and owing on June 15, or is it going to be reported for the following statement?  I'm rambling.  I hope someone understands my question.

[Anonymous]

Are you applying for something big in the next month?  

If not then don't worry about it and just use your card as you need to.  AZEO is just for when you need to apply for something to squeeze every little point out of your score.

[Anonymous]

Not sure.

If you just prefer to always maintain AZEO in case you are "waiting for car to just die before buying a new one," you should be able to simply change your car insurance payment date.
Never tried having a statement date changed, but CC payment dates can be changed, so perhaps the statement date can be? Maybe someone can chime in on that. Kinda would be nice to change all your credit cards to the same statement & payment dates.

[Shooting-For-800]

Charges take 1-3 days to post.

If you charge something on the same day as your statement date, 99.99% it will show up on next statement.

If worried change you statement date to 15th so you aren’t always scrambling or worried about it.

[FicoGuy2019]

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@Anonymous wrote:
Not sure.

If you just prefer to always maintain AZEO in case you are "waiting for car to just die before buying a new one," you should be able to simply change your car insurance payment date.
Never tried having a statement date changed, but CC payment dates can be changed, so perhaps the statement date can be? Maybe someone can chime in on that. Kinda would be nice to change all your credit cards to the same statement & payment dates.

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Generally it takes 2 statements before the date change is effective.  So if you change your due date that is today,5/18 to the 1st, it won't be effective June 1st, but it will on July 1st...ymmv but that is how i've always seen it.

[Jannelo]

Thanks.  I actually just purchased a new car two weeks ago.  I expect my credit score to take some kind of nosedive initially from the new car loan.  CreditKarma is showing a 22 point drop, which has freaked me out.  I know.  I know.  It's CreditKarma. 

Anyway, why I didn't want my payment to post before the statement cut and be included on that statement is one reason.  Cap 1 likes a lot of usage to get CLIs.  Last month I used the card a ton for that purpose, ran everything through it, leaving a small balance at the end.  This upcoming month I won't be using it as much.  I've put myself on a very strict budget. So for that reason, I did want to run my car insurance payment through this new month, with a few other bills and necessary purchases, to show usage.   The car insurance bill would help.  That's why I wanted to ensure it reported on the upcoming month, not this ending month when a statement is about to be cut.  I didn't need it on there.

I am going to change one of the dates so I don't have to worry about that in the future.  I know with my Quicksilver 1 card I am bucketed.  I just feel that showing a lot of usage each month might help me get a better CLI later.

[SouthJamaica]

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@Jannelo wrote:

So if my Cap 1 Quicksilver 1 statement cuts on the 18th, which is now today, Saturday, if I charge on the 18th will that charge be included on the statement  that is cutting or will it be included on the next statement?  I hope I am making sense.  My due date is the 15th.  So April 18th.  I owed nothing, but had a balance left on it from thoughout the month.   I left $20 on for the AZEO method, small utilization on one card.  So then the statement cut date is days later, on the 18th.  All I want to show is the $20 balance when it cuts and reports to the CAs.   My car insurance is due on the 18th.  I want to put it through the Cap 1 card, because they like a lot of use on the card and I'm aiming for a CLI in a few months.  But would paying it on the 18th show up on the next statement added to the $20 due and owing on June 15, or is it going to be reported for the following statement?  I'm rambling.  I hope someone understands my question.

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Usually not. But sometimes yes. Which is why I would wait until the 19th.

[Anonymous]

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@Jannelo wrote:

Thanks.  I actually just purchased a new car two weeks ago.  I expect my credit score to take some kind of nosedive initially from the new car loan.  CreditKarma is showing a 22 point drop, which has freaked me out.  I know.  I know.  It's CreditKarma. 

Anyway, why I didn't want my payment to post before the statement cut and be included on that statement is one reason.  Cap 1 likes a lot of usage to get CLIs.  Last month I used the card a ton for that purpose, ran everything through it, leaving a small balance at the end. 

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The whole purpose of AZEO already helped 2 weeks ago....Congrats!

The purpose of having good credit is so you don't have to hover over your balances every month and worry about using your card when you need to.  Things will happen naturally as you progress down the credit super highway.  

Who cares what Cap1 likes??  You have other cards right?  I would assume so if you're going out and getting a new car.  Throw C1  into the SD and focus on the cards that will grow or find some new ones that appreciate you more than begging for a CLI every 6 months.

Instead of AZEO just setup autopay on all of your cards for the statement balance and go back to living life with the new car with the top down and the wind running through your hair.

[pinkandgrey]

If today is the last day of your billing cycle, then the charge won’t POST in time to make it onto this statement.

[Jannelo]

Obscure-Expert, actually,  I had no choice but to get a new (used 2016, 46,000 miles) car because mine had so many issues that I was out of time.  I tried to make it last as long as I could.  I am in the rebuilding stage, so no great cards.   A Greendot secured card ($450) limit, just hit a year old.  A Capital One Platinum ($500) opened  last August, and the Quicksilver 1 ($1,000) is only a month old in reporting.  I am still paying on a Cap One charge-off that was 3,966, now down to 1,966 as of this month.   Other charge-offs or collections paid off.

My score was 594 when Capital One Auto Finance approved me with interest rates in the sixes for the car I wanted.   I bought a practical, used car for $14,500, with low payments of $238, so no splurge for my dream car or new car.  But I do really like it and like that I didn't go into major debt for a car.  I plan to pay extra on it each month.   So I am very much hovering over my scores and trying to get what little CLIs I can get.  Hopefully, in six months I can qualify for a non-subprime card that can grow.   A non-secured Discover is my goal.

  I know the answer is patience and  time.  Just pay on time and in six months my score will be higher and I will, hopefully, qualify for better cards.  My charged-off card balance will be reduced even more.  I am still doing the AZEO method, just because of my charge-off balance reporting every month  as such a negative.  I know it's not connected to open accounts and utilization with them, but it just makes me feel better to stay low on the three open cards.  It's just how I think.  Who knows if it even matters whether I do AZEO right now or not?  It's such a long climb up for me.  But a year ago I was around 520, so slowly, but surely, I will get there, but it feels very slow.      I think I want a good CLI from the Quicksilver just to give me a mental boost on this long journey of credit rebuilding.   I was hoping for a $1,000 CLI at the five-month credit step CLI mark if I really used the card a lot.  But the automatic credit steps CLI of $500 I won't complain about. 

And, you're right, I just need to relax about it all.