Getting timing right

[Anonymous]

I am busy working my plan, especially the AZEO and I have a question about timing.  On line, the website says payment is due on the 27th of each month.  Great.... I pay it off on the 15th.  Nothing changes on the account until the 4th of the month in terms of reporting to the bureaus.  So is it best not to use the card between the 27th and the 4th?  What is going on between these dates?

[Anonymous]

It may vary between lenders but my understanding is that they report on the day the payment is due, and the updated info shows up a few days later. Long as you’re on the AZEO plan when the payment is due you should be clear to use the card the next day without it reporting.

[SteelCityPride]

The due date is just that, the date the minimum is due. The statement date is the last day of the billing month. The balance on the statement closing date is the balance that will be reported to the CRAs for most cards, US Bank being an exception.

Most staement closing dates stay the same every month. If you havn't recieved a statement on a new card, for example, you can call CSR and ask.

[Anonymous]

I looked up the Statement closing date and found  it is the 2nd of each month.  

So for clarification, and because I haven’t been the smartest concerning credit... charges posted to the account between the minimum payment due date (27th) and the statement closing date (2nd) can appear on my credit report when they report 2 days after the statement closing date?

[SteelCityPride]

Short answer is yes. But if you make another payment on the 1st or 2nd, depending on how how long your particular CC takes to post payments.

[tricie17]

Reporting can be different on accounts.  Call and find out what their reporting protocal is and pay accordingly.  For example: ABC company will require you to pay by one date and report to CB on statement date where others will report several times during cycle.  To keep from waiting so long pay closet to required date and do not use card until several days after statement date.  

[Thaitea007]

My cap one card reports one day after statement cut, they got me with 35 dollar balance this month. I didn’t think they reported that quickly, all my other cards report between 3-4 days after statement cut.