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When to pay CC Balance?

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longtimelurker
Epic Contributor

Re: When to pay CC Balance?


@SouthJamaica wrote:


You should pay before the due date.  Dangerous to leave things to the last minute, and in many cases the due date keeps changing.

 

 


For those of us who still believe in auto-pay, setting it up to pay full statement balance on due date works fine.   The bank takes care of any shift in due date!

Message 11 of 25
Remedios
Credit Mentor

Re: When to pay CC Balance?

Every time someone mentions AZEO, baby penguin dies a horrible death. 

Message 12 of 25
House1204
Regular Contributor

Re: When to pay CC Balance?


@Remedios wrote:

Every time someone mentions AZEO, baby penguin dies a horrible death. 


AWWW, not the baby peguins!








Message 13 of 25
OmarGB9
Community Leader
Super Contributor

Re: When to pay CC Balance?


@Remedios wrote:

Every time someone mentions AZEO, baby penguin dies a horrible death. 


You just mentioned it right there! Smiley Sad


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 14 of 25
Lionsonly008
New Member

Re: When to pay CC Balance?

Two important things, know your due data and the statemtn date. the due date is when to pay the minimual ammount. statement closing date is when the bank report to the credit bueraea

 

 

 

 

<img align="left" border="0" width="50" height="50" src="https://ficoforums.myfico.com/html/assets/challenge.png"><font size="1">Starting Score:</font><font size="1"><b> 458</b><br><font size="1">Current Score:</font><b> 687</b><br><font size="1">Goal Score:</font><b> 700</b></font><br><br><font size="1"><a href="https://ficoforums.myfico.com/t5/Take-the-myFICO-Fitness/Take-the-myFICO-Fitness-Challenge-2023/m-p/..." target="_blank">Take the myFICO Fitness Challenge</a></font>

Message 15 of 25
sznthescore
Established Contributor

Re: When to pay CC Balance?


@Lionsonly008 wrote:

Two important things, know your due data and the statemtn date. the due date is when to pay the minimual ammount. statement closing date is when the bank report to the credit bueraea

 


Bingo. 

REBUILDER CARDS




Goal: FICO 700+
Message 16 of 25
Kforce
Valued Contributor

Re: When to pay CC Balance?


@Lionsonly008 wrote:

Two important things, know your due data and the statemtn date. the due date is when to pay the minimual ammount. statement closing date is when the bank report to the credit bueraea

In truth you don't have to know or track either if you just

pay current balance 2 times a month (~15 days apart)

5th & 20th or 1st & 15th, or 15th & 30th

 

 

Message 17 of 25
Horseshoez
Senior Contributor

Re: When to pay CC Balance?


@Kforce wrote:

@Lionsonly008 wrote:

Two important things, know your due data and the statemtn date. the due date is when to pay the minimual ammount. statement closing date is when the bank report to the credit bueraea

In truth you don't have to know or track either if you just

pay current balance 2 times a month (~15 days apart)

5th & 20th or 1st & 15th, or 15th & 30th


Good advice if one doesn't care about balances being reported.

Chapter 13:

  • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
  • Filed: 26-Feb-2015
  • MoC: 01-Mar-2015
  • 1st Payment (posted): 23-Mar-2015
  • Last Payment (posted): 07-Feb-2020
  • Discharged: 04-Mar-2020
  • Closed: 23-Jun-2020

 

I categorically refuse to do AZEO!

In the proverbial sock drawer:
Message 18 of 25
Zoostation1
Valued Contributor

Re: When to pay CC Balance?


@Remedios wrote:

Every time someone mentions AZEO, baby penguin dies a horrible death. 


I guess I'm killing penguins for a while.  I'll eventually stop AZEO once I solidly have good scores, but right now I feel like the benefit outweghs it being a bit of a PITA.

Rebuild Started Nov 2021
June 2022 FICO 8:
June 2022 FICO 9:
July 2024 FICO 8:
July 2024 FICO 9:
Message 19 of 25
Jnbmom
Credit Mentor

Re: When to pay CC Balance?


@OmarGB9 wrote:

@Remedios wrote:

Every time someone mentions AZEO, baby penguin dies a horrible death. 


You just mentioned it right there! Smiley Sad


Another penguin 🐧😂😂

EXP 780 EQ 798 TU 804
Message 20 of 25
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