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Capital One confirmed that both of my accounts with them the statement generates on the 2nd of each month and the due date is on the 27th. With that being said I need to make sure I have 10% UTI on 1 card before the 2nd correct? I searched and ended up confusing myself reading so many threads on this topic.
yes, Cap One will even credit payments made the same day as long is it not past 3 pm west coast time.
How do I know exactly what day they report it to the CRA?
Since mine closes on the 2nd. So I shouldnt use my cards til the 5th to be safe? Ive read some people saying they used it 24 hours after the statement ended and it still showed up on that same months statement.
Hate to bump this thread back up but I am confusing myself over something simple Im sure. For Example my Capital One accounts Generate on the 12/2/15. They have a due date on the 27th and the statement closes on 1/2/15. Now to benefit the most having 10% or less utilization when do I need to make sure I have the card at the 10% or less mark, by the statement generate date or close?
@Anonymous wrote:Hate to bump this thread back up but I am confusing myself over something simple Im sure. For Example my Capital One accounts Generate on the 12/2/15. They have a due date on the 27th and the statement closes on 1/2/15. Now to benefit the most having 10% Utilization when do I need to make sure I have the card at the 10% mark? I ask because they report after the actual closing date.
The statement closing date. If you are making multiple payments during the month, the due date will never come into play. The closing date will always be the same day of the month, unless your address changes, then it may shift a few days.