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Another Credit Card question
Posted on 5/2/19 at 12:02 pm
Posted on 5/2/19 at 12:02 pm
Been rebuilding credit and I'm finally where I should be. Shooting for the 800s now and was wondering. Should I be paying off cards weekly or is it best to allow balances to report monthly to bureaus then pay. TIA
7
Posted on 5/2/19 at 12:08 pm to ourkansastigah
I pay off the majority about a week before the end of the period
Posted on 5/2/19 at 12:31 pm to jimbeam
I typically make sure it posts 2 days prior to when the bill closes out 
Posted on 5/2/19 at 12:45 pm to ourkansastigah
I just pay off my statement balance around the due date
Posted on 5/2/19 at 12:57 pm to ourkansastigah
Long term it doesnt matter. Short term it could affect your credit utilization ratio depending when you check compared to when you pay it. I wouldn't bother coming up with some complex system. Just set it to autopay monthly on the due date.
Posted on 5/2/19 at 1:21 pm to ourkansastigah
I use my CC for everything possible so there's always stuff pending that goes onto the next month's bill but I pay whatever balance I have on the due date..
not to brag but my credit score is 817.
I've done it this way for a few years now.
Good luck on your quest to rebuild your credit.
not to brag but my credit score is 817.
I've done it this way for a few years now.
Good luck on your quest to rebuild your credit.
Posted on 5/2/19 at 1:48 pm to ourkansastigah
quote:
Been rebuilding credit and I'm finally where I should be. Shooting for the 800s now and was wondering. Should I be paying off cards weekly or is it best to allow balances to report monthly to bureaus then pay. TIA
Most creditors only upload info the the credit bureaus once a month. No additional benefit to paying weekly for credit score purposes.
Posted on 5/2/19 at 5:02 pm to ourkansastigah
If you have the discipline to save the money and pay it off in full each month...the difference is minimal. I, personally, enjoy an interest free one month loan with purchase protection and some other freebies. Plus unknown charges are easily removed/disputed.
This post was edited on 5/2/19 at 5:06 pm
Posted on 5/2/19 at 5:52 pm to ourkansastigah
quote:just pay it off once a month, before your statement date. Don't worry about showing zero utilization being reported.
Been rebuilding credit and I'm finally where I should be. Shooting for the 800s now and was wondering. Should I be paying off cards weekly or is it best to allow balances to report monthly to bureaus then pay
Posted on 5/3/19 at 8:43 am to ConfusedHawgInMO
I think what he’s asking is more of whether he should wait and let it show a balance on the statement and then pay that off; or continue to show zero on each statement. I also get confused with this and sometimes don’t know the best route to take.
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