Low Down on Balance Reporting?

[Anonymous]

Wouldn’t it be easier just to spend the $4000, pay it before the statement cuts and then spend another $4000 after statement cut? Would maximize score with low utilization and the same time lenders would see the payments.

[Kforce]

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@Anonymous wrote:
Wouldn’t it be easier just to spend the $4000, pay it before the statement cuts and then spend another $4000 after statement cut? Would maximize score with low utilization and the same time lenders would see the payments.

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I believe BBS want's OP to show spend to other CC issuers.

[Anonymous]

Depending on issuer, payments can be reported even with a zero balance. Some do some dont.

[Anonymous]

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@Anonymous wrote:
Wouldn’t it be easier just to spend the $4000, pay it before the statement cuts and then spend another $4000 after statement cut? Would maximize score with low utilization and the same time lenders would see the payments.

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That's a fine option as well, it just takes away the "float" that many people see value in with credit cards... basically borrowing that $4000 for an extra 3-4 weeks interest-free.  I personally don't float balances from month to month, but I know many on this forum do as it is one of the beauties of CCs.

[Anonymous]

True. Everything comes with a trade off.