Pay Your Credit Card Bill on 2 Specific Days to Increase Your Credit Score

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It makes more sense to me to make sure you pay on time and make sure by the report fate you have the lowest balance possible

daciasdiy
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My guy, you started off with “carrying a balance is a myth” and then ended with “if you have a 0% utilization, you will be penalized”

Can you explain it better sir?

YamahaZuma
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Pay the day before the bank reports to credit bureau each month. Thats varies so call your banks and apply for auto-pay to pay 100% balance.

Pay 100% balance the day before the bank reports to the bureau. That day is different from the due date.

nicolecontours
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Hey cal, , you said Pay 95% on the statement date and pay the other 5% 2 Days Later is that 95 percent of the credit limit

edwardblackmon
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Big mistake here though it's not 95% of your balance. It's you want to pay whatever your current balance is down and leave 5% of your credit limit. For instance if I have a $10, 000 credit card I have a $200 balance if I paid 95% of my balance off that would leave a $10 balance that would report as 0.1% if you're shooting for 5% utilization on a $10, 000 credit card you would have to leave $500 to report. I would love to discuss this more with you and about a way that I know that works that you can leave exactly the proper utilization

sinned
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What if you’re trying to rebuild your credit with secured cards and let’s say you always pay them down to 8% of the credit limit before the statement closing date so it gets reported you’re using only 8% then before the due date you pay off the balance completely. If you keep doing that each month won’t that look like you’re not using the card to the credit bureaus or how does that work I’m a little confused on that part if you’re trying to to rebuild your credit score. I have 2 secured credit cards and a credit builder/savings loan or however you call it. I’m also an AU on my sisters credit card but she has like 40% utilization on that card currently.

michaelhernandezii
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Is this the same or is the effect the same for a line of credit or is this only for credit cards

mastertrader
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Don't the issuer know when you use the card because they see it they gave it to you. No one else can close the card but the user. If I use my amex card to 0% Amex sees my usage. So why would they close it?

et
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Everything else in your video is on point especially that 15 3 hack what a joke that doesn't even make sense like you said

sinned
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So basically pay ur credit cards down to 10 % before due date is this correct so when statement date hit it will show 10% will this work

turnerstransportify
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Why when I paid my cards down to under 1.9 percent my fico scores dropped over 15 points? My vantage score stayed the same... Maybe it's because it looked like I haven't used my cards? I checked it shows I'm using a 0 balance after I paid down everything.
Do you know how to boost my score back up?

I'm pretty positive nothing else could be wrong...

DB.
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I need a little help with this. So my chase unlimited card opening day is the 15th, and the closing date is the 14th of the next month. But my payment due date is the 11th. I thought the due date would be after the opening and closing dates. What do I do in my case?

Tru
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How do i know when my credit report date is?

Mar_Financial
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But then you'll be paying interest. CC companies make money each time you use it based on the charge fees.

juicev
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So if they want to see 10%. How do I have 10% but not owe interest? I charge 10% a day or two before the report date? The 10% is of my overall all credit limit totalled for all cards?

Steven-wmvu
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I've had probably 20 different credit cards over the years. I've never had one with a statement date that was before the due date. I'm not sure this guy knows how to read an account statement.

jmaniac
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Some cards now have started blocking you from making additional payments during the billing cycle.

euqyuff
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My due date is on the 5th and billing cycle is on the 11th so I’m confused

yunggloboxing
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Wtf.
Have 6 cards. All have a 21st due date. The next thing is the closing date, all are the 24th.
So where is the opening date on my cards and why does this guy show the closing date as a few days before the due date when it's actually 3 days after?

So in in other words need to pay off your balance in full by the due date then over the next 2 days u need to put up 5% or so of utilization in purchases?

This guy seems wacked

Bubbles