ALWAYS Pay Your Credit Card On This Date! | INCREASE CREDIT SCORE FAST

Knowing when to pay your credit card bill and how to pay your credit card bill can seem a little bit like a game of chess (chess B Roll). If you make the wrong move, you can find yourself “losing” at the credit score game. If you make the mistake I’ve made, just a few times, you can even potentially see your credit score drop several points. My score in particular dropped over 20 points temporarily after making this mistake, and that is nearly the same impact as opening a new credit card account. So understanding your credit card statement is very important. As we watch this video, I want you guys to understand 3 things. Statement Closing Date, Payment Due Date, and Grace Period. Let’s get a quick definition of all 3 of those terms, but before we get into that, as you watch this video and if you find the information helpful, consider hitting that like button for the youtube algorithm, subscribing for more videos like this from myself, and hitting that notification bell so you don’t miss any future videos.

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The content in this video is accurate as of the posting date. Offers change frequently and those mentioned may no longer be available. CJ is not a financial advisor or financial professional. This video is for entertainment and educational purposes only. Please always consult with a financial advisor and do your own due diligence.

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[ItsMeCJ]

‼️NEW VIDEO out on INCREASING your credit score‼️:

[frostreaper]

I always wait 7 days after my statement closing date till I use my CC’s so a 0% balance is reported.0-6% is the sweet spot for the best score increases and I also pay of my cc in full before the due date.

[satinbabydoll]

I used to be the one that made that same mistake. I would buy/charge something today, and pay it off tomorrow. I was thinking on the lines of, if I had a zero balance- it is good. I come to find out that you need to wait until you get your statement first before paying. The reason is, the 3 credit bureaus need to see that there are transactions being made. Credit card companies are in the business to make money. They want your interest. If you pay it off, they won't get no interest. After learning that, it helped me tremendously.

[Leoprieto]

CJ, nice shirt brother! My strategy is to pay in full my account balance every two weeks. I get paid biweekly so I pay in full all my credit card balances on my pay day. If the balances are greater than my paycheck I bring funds from my savings to cover the entire credit cards balances. I never pay interest and never pay the minimum amount due. Cheers 🍻

[phantombags]

You explained this clearly! I swear it is so confusing when trying to read what others say online in articles.

[ceejay]

I made the same mistake when I first paid down my credit card debt. I thought that $0 balance was going to be my friend. 😆 Now I know better!

[MirandaN]

I pay 1/2 on the statement date and the other 1/2 on the due date 🎯

[ItsMeCJ]

What is your credit card payment strategy? Let me know 🙂. Also, if you all have any topics you’d like to see from me, drop your ideas below 😊

[ahnonamos]

Thanks. The graphic timeline was a great choice to help illustrate. I also like that you chose the term “active balance” not heard it used before in this context, but made it clear in distinguishing balance types

[jimmyburnett]

I'm sorry...I have seen probably 3 or 4 videos on when you pay your CC...I have yet to hear even though I watch all videos in their entirety...can you more specific? I am trying too understand..

[theequeenbeast]

I got my 1st credit card at 30 so I hope these tips help me increase my credit score asap as well.

[CC-yopb]

Loved the illustrations. It would benefit us visual learners a wee-bit more if you could leave the screenshots and diagrams up as you explain.😅

[princessmeganelsa]

I just paid my credit bill this month in FULL!! 🙃🙃🙃

[baringitallwithcandice]

Very good info. Thank you for sharing CJ. Loving the consistency 😊

[naimafikri]

Nice and clear presentation thank you!

[mycryptolingo]

Thank you so much for the excellent presentation. If someone uses 90% of their credit limit but pays 85% three days BEFORE the statement date, will that reflect a 5% or 90% usage to the credit bureau?
Thanks,

[TonyRome]

Very detailed and crystal clear, thank you.

[OfficialEricGao]

I personally always set reminders in my google calendar to pay off my balances at least one week before the due date. I even have a google sheet to remind myself which credit cards are due on which days, sooner or later i'll get around to putting them all on the same due date so I no longer have to do this but for right now that's what I do. Great educational video CJ. Keep it up man! Future is bright! 🤩

[kaijadeloft]

I’m having the same issue as well my due date is 27th and my statement day is the 2nd

[JunBugg]

Great presentation. I'm still confused tho