How often do you pay your CC balance?

Every pay day, 1st and 15th

In the past I've racked up a lot of credit card debt. Took me years to get out of. Since then, I haven't really used the CC much. 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.

We have a MC from a credit union with an incredible low interest rate of about 7.5.

We pay off monthly UNLESS we have a big unexpected expenditure. Use the points built up for flights down the road.

Weekly - paid weekly
So weekly take it to zero

We don't do many credit cards, but the ones we have we pay them off before the payment comes due (usually a day or three before they are due, when we are doing bills).

I have all credit card accounts automatically paid on due date for statement balance.

Probably about 2 times a month, I'll log into my 3 creditcards and total up the total actual balances just to make sure I'm carrying more than that in the account the payments come from; and to look for any fraud or suprises.

There's no reason to take money out of an interest bearing account to pay a bill early; why? Maybe it'll make me .035 cents, but that's more than 0.000. You just have to have some inkling of discipline and 1st grade math.

I never actually carry a balance from one statement to the other so I'm not actually paying any interest; and I pay everything possible with one of my CC's.

My wife on the other hand, just builds balances slowly over the year and then asks me to bail her out.

We use CC for everything for points. There are always pending charges and new charges daily. Balance is never 0, but always pay enough each payday to never have to pay interest.

This time of year I’ll have to make extra payments to cover Christmas shopping….

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It's better for your credit score to let the statement hit, then pay in full. Until the statement hits the debt is not reported to the credit bureaus, so paying it gets you no recognition on the credit score for paying off debts (at least this is how it's always been explained to me).

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Completely wrong.

Your BALANCE won't report if you pay before the statement date but your available credit and on time payments will report if you pay early. You don't want high balances reported on revolving credit.

I don't pay daily but it is more often than once a month. I like to pay before the statement cuts so my balances reported remain low but it doesn't really matter, if I was planning on a major credit purchase I would just get them all to zero. Almost every expense goes through cash back CC's now and it gets us a couple hundred a month since most of the time someone is giving me 5% back at Amazon or Walmart and I get 2-3% back on almost everything else. There are a few categories that get maxed at 1-1.5% but that is better than nothing.

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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.

There is zero point to paying more than once a month. Put on auto pay and let it be.