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Jul 30, 2014
8:39
:18
pm
ldssdl
This is going to sound really naive, but...
is paying it off before the balance of the statement closes the same thing as paying it off before the monthly due date?
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ldssdl
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ldssdl
Joined
Mar 3, 2013
Last login
May 16, 2024
Total posts
29,232 (3,834 FO)
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Messages
Author
Time
I'm late to the party, but I finally got my first credit card. General tips?
ldssdl
7/30/14 7:22pm
Max it out ASAP. Credit bureaus love this.
SandYFan
7/30/14 7:23pm
Never use more than 20% of your available credit. Always pay it off every month
RexIdaCoug
7/30/14 7:25pm
I haven't heard the 20% thing before. Can you explain why?
ldssdl
7/30/14 7:26pm
here you go
RexIdaCoug
7/30/14 7:28pm
For clarification you are saying do not carry a balance forward more than 30%
SanDiegoCoug
7/30/14 7:36pm
My understanding is that credit utilization is
RexIdaCoug
7/30/14 7:41pm
^^This is true.
Jonce17
7/30/14 8:00pm
Yup- they report the statement balance to the credit bureaus
cheezedawg
7/30/14 8:10pm
This is going to sound really naive, but...
ldssdl
7/30/14 8:39pm
I think so....
RexIdaCoug
7/30/14 11:07pm
Not exactly
supertux
7/31/14 9:20am
examples:
supertux
7/31/14 9:25am
Use creditkarma.com and creditsesame.com to see your credit score for free.
supertux
7/31/14 9:25am
Statement balance != current balance. You can have a current balance of 100%
supertux
7/31/14 9:13am
Ok. So when/how is the statement period different than the due date?
ldssdl
7/31/14 9:16am
RE: Ok. So when/how is the statement period different than the due date?
supertux
7/31/14 9:20am
Nonsense. max it out every month and pay it off every month
Bob Vance
7/30/14 9:44pm
Get a pretty one with lots of fish on it.
PolarCoug
7/30/14 8:13pm
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