re: How often do you pay your CC balance?

quote:

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I've been spending on it lately and paying it off immediately. My 2 questions are: 1 - When does the interest hit your account? Is it at the billing cycle? 2 - When does the balance get reported to credit reporting bureaus? Currently have a 700 credit score but trying to get it back higher. I'm wanting to show regular usage and regular payments/payoffs.

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1- Interest only hits your account on the unpaid balance after the month ends. When you go into the “Pay Balance” options, it should be pretty clear how much you still owe for the current statement before it becomes a “carried balance” and you incur interest on it.

2 - same. A few days after the statement cycle ends, the bureaus should receive your current balance. If you always pay off your balance each month, your credit utilization should always be 0%, since you’re not technically benefitting from lended money and incurring interest until it becomes unpaid in the statement cycle and becomes a carried balance.