statement closing date vs reporting date

[haulingthescoreup]

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ByrdMan wrote:

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@Scamp wrote:

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ByrdMan wrote:

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@Scamp wrote:

I think I'll just go around copying and saving your posts and HTSU's and others' who do especially great, non-gabby posts, then just paste 'em in where applicable (with all credit due, of course!), instead of continuing to do my own verbose versions. 

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Umm--oxymoron alert.

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Oooh - I'm gonna tell HTSUuuuu!!! 

How about 'less-gabby-than-mine posts'? 

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She'll see it soon enough.

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Ahem.

Message Edited by Scamp on 12-12-2008 07:06 PM

[MidnightVoice]

 

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haulingthescoreup wrote:

Wink --it makes people wonder what you've been up to 

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[haulingthescoreup]

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snakecharmer wrote:
Thanks for the info...  So, if I have an HSBC card that drops the statement on the 11th (and I have deduced that they report at the end of the month), I want to pay all but, say $10 until the end of the month, then pay that little balance  before the due date of the 6th.  In the past I have always paid every card in full before the due date and my score is barely moving, if at all.

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That ought to help.

If I'm reading you correctly, you paid after the statement, but before the due date, so it made it look like you were carrying balances, even if you weren't.

It can be a PITA at first to pay early, but you get used to it. To me, it's just a mental resetting of the due date. Just let that one card report.

You may find that HSBC is an annoying little bank to do this with, as they periodically go into comas and don't update for a month or three. But if you're just allowing a low balance, and you're diligent about paying the others early, it should work.

Note to others with HSBC/ Orchard cards: they do seem to report the balance as of the last business day of the month on their bank cards, but my Best Buy (HSBC) store card updates on the statement date, reporting the balance. Fun!

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@MidnightVoice wrote:

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@haulingthescoreup wrote:
Wink --it makes people wonder what you've been up to

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Moi?

[Junejer]

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haulingthescoreup wrote:

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ByrdMan wrote:

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@Scamp wrote:

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ByrdMan wrote:

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@Scamp wrote:

I think I'll just go around copying and saving your posts and HTSU's and others' who do especially great, non-gabby posts, then just paste 'em in where applicable (with all credit due, of course!), instead of continuing to do my own verbose versions. 

---

Umm--oxymoron alert.

---

Oooh - I'm gonna tell HTSUuuuu!!! 

How about 'less-gabby-than-mine posts'? 

---

She'll see it soon enough.

---

Ahem.

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Message Edited by Scamp on 12-12-2008 07:07 PM

[RobertEG]

I would only add one caution, for this just happened to me.  I had a pattern of just going on the net on the first of the month, and making payments on all my cards.

I then noticed in my next billing statement that Chase Pro charged me a late for the last month, in which I had paid over twice the minimum due.  I contacted them, and here is what they said.  Since their statement date is not until the 4th of the month, payment on the first was NOT considered as a payment against the issued statement.  Without any hassle, they quickly agreed to delete the late payment post and fee, for they understood that I did make the payment. 

So the moral is that if you pay before the statement date, and it is not a PIF, then their accounting may not include it as payment against that statement.