AZEO & Statement Cut Dates

[RKBAGUY]

Wondering if someone can clarify something for me.

I'm using the AZEO method, but I'm puzzled by which date I should use on my Wells Fargo account.  The online statement seems to have a designated pay date of the 1st of each month, but the "Last Statement Balance" seems to be on or around the 5th of each month.  Not sure which I should be going by, though I've been making a point of paying earlier (by the 1st) rather than later.  Hoping one of y'all can shed some light on this.

Thanks in advance!

Firefox_Screenshot_2017-12-28T14-57-32.106Z.png

[Sandman771]

Looks like the statement cuts on the 7th for that month with the due date being the 1st of the following month. 

[RKBAGUY]

So, by way of a clarification, should I be concerned with making a payment before the 1st, the 6th, or are they so close that it doesn't really matter?  Right now, as you can see, my balance is zero, so no payment is due on the 1st.  I guess I'm not sure if I should let the 1st roll by, make a payment of all but 9% on the 4th, then pay the remainder on the 8th to zero it out... or if I should just do that today in preparation for the 1st.

[Anonymous]

---

@RKBAGUY wrote:

Wondering if someone can clarify something for me.

I'm using the AZEO method, but I'm puzzled by which date I should use on my Wells Fargo account.  The online statement seems to have a designated pay date of the 1st of each month, but the "Last Statement Balance" seems to be on or around the 5th of each month.  Not sure which I should be going by, though I've been making a point of paying earlier (by the 1st) rather than later.  Hoping one of y'all can shed some light on this.

Thanks in advance!

Firefox_Screenshot_2017-12-28T14-57-32.106Z.png

---

Depends on what they actually report. Some banks (Capital One) will report the closing balance on the last statement, and some will report whatever the account balance happens to be on the day they report (Discover), and some will report a $0 balance any time the account is paid to $0.

[RKBAGUY]

---

Depends on what they actually report. Some banks (Capital One) will report the closing balance on the last statement, and some will report whatever the account balance happens to be on the day they report (Discover), and some will report a $0 balance any time the account is paid to $0.

---

Hence the question specifically related to Wells Fargo.  I guess if it's all on a 30 day cycle and I'm consistent, the result would be the same, but I don't want to "fall out of bed".  I guess I'll stick with a 91% payment on the 4th (to allow processing time before the statement cuts) and the remaining balance on the 8th to close it out and prevent interest.  Sound about right?