TLDNR: Do you find a benefit aligning statement dates? And if so, why? (more interesting may be those actively avoiding it)
Background: 4CCs, PIF via autopay w/<4% utilization displaying on CK.
I deliberately vary my cards (maintain activity), hence CK typically displaying multiple balances.
Goal: Exceed 800 FICO before further CLI requests & app'g
Currently idling but preparing, if I decide to amass a significant TL (business endeavor).
Perks to aligning (that I see/IMHO) include:
1. Convenience 2. Organization &
3. Easier time attaining the coveted AZEO for peaking your Fico.
The only disadvantage (again, IM"H"O) is negating wider "carry/float perk" potential with multi-statement dates.
I just leave my statement date alone lol. I just keep what I’m assigned when I open the account. I can see both sides. The convenience and organization of having them all cut on the same day IS appealing, but a lot of people prefer that safety cushion of having time between necessary payments.
Definitely just a personal preference, and I personally just don’t think much about it.
Interesting question. I leave mine as they are. Your thread title reminded me of what I consider to be silly advice given to people who receive all or most of their income from Social Security retirment or survior benefits. The former payment date of the third of each month has been changed to second, third, or fouth Wednesdy of the month. SSI, SSDI are still paid on the first or second of each month respectively.
Social Security retirement or survivor beneficaries on a tight budget are told to just call and change your due dates.
Does anyone here have bills with due dates of Wednesdays exclusively?
The amazing thing is that anyone is paid for this type for advice.
I changed most of them. Since I only get paid on the 3rd of the month (SSDI) and I have so many cards, it's helpful to have them grouped closely together when possible. I'll probably leave the AMEX and SavorOne alone though.
I personally hate having my card dates all over the place because that means that the statements might not be ready when I process payments. I prefer to have only one day per month where I pay everyone that is a credit lender. Now if I had dates all over the month I could have had new reports from CK all month long but I am more utilitarian. I generally will pay lenders at the beginning of the month. This is generally set because I rent the land and they want it at the beginning(no exceptions). Now I reshuffled almost all the cards onto 2 different dates and have a few rare accounts that I plan on changing later, intentionally left alone, or they put it close but did not have the ability to make it the exact date I wanted. Now the benefit to this is that as the month ends the report is solid and non-changing so when I feel like I want to apply I will usually do it near the end of the month. That way I know what I am offering the lender and what kind of response I probably will get.
Out of 6 cards: 1 is in the beginning of the month, 3 are the same date in the middle of the month, and 2 are the same date at the end of the month. My clients pay me once a month on the 10th, so this spread has worked out for me.