When do credit card companies report balance to credit bureau_ _ Credit Karma get a mastercard credit card

When do credit card companies report balance to credit bureau_ _ Credit Karma get a mastercard credit card

I know this is a bit old, but I think everyone is missing small bits of info (or I have not found them yet). I will give my situation, then a quick explanation. I have BOA CC. PIF every month (0% interest paid, even though a disgusting rate). Depending on the balance of the statement closing date….That is the amount reported. This is the magic date you want to focus on if you are targeting to maintain a certain percentage of CL use. So, my closing date is 28th…..I had a current balance of $613. That was reported to the bureaus. I pay in full so I am not charged interest (here is where you have to make sure to pay the previous month balance to avoid interest), but I have to check the useage as of the 27th to ensure I am impacting what is reported to the bureaus.Get a mastercard credit card

I check my data at least three times a week, so I know everything that is pending, has cleared, and what is going on in general. I hope this helps a bit. It is extra work to manipulate the system, but after a bankruptcy some 11~12 years ago – I had to learn every trick possible to survive it.

I have a question about ccs reporting balances to credit bureaus.

I noticed I had “balances/debt” that were affecting my credit score even though I pay off my cards in full. I checked my credit report and figured that any new balance I have accumulated between the due date and closing statement of the card will be reported to the credit bureau. (e.G. I pay off my card in full on oct 28th, but the statement doesn’t close until nov 4th or 5th or so. I make new purchases on oct 29th, the purchases go from pending to authorized charge by nov 2nd/3rd, and these new charges get reported to the credit bureaus as a ‘balance’ on my card).Get a mastercard credit card

So I’ve recently changed all my credit card due dates to the 1st of the month, so that the statement closing date will fall around the 5th or 6th (varies by credit card). I’ve decided to use my ccs after the 6th and pay it off in full by the 1st, and try not to have any activity between the 1st and 5th/6th just so I don’t have a ‘balance’ being reported and messing up my score. Is this method ok?? You mentioned that having a $0 balance being reported every month isn’t good, but I am actively using my card, I’m just using them outside of the report-to-credit-bureau period so that I don’t have a positive balance being reported. If I follow this method, will the credit bureau still be able to see that I’m actively using my card, or should I leave one card with a $10 balance as you have stated above?Get a mastercard credit card

I know this is a bit old, but I think everyone is missing small bits of info (or I have not found them yet). I will give my situation, then a quick explanation. I have BOA CC. PIF every month (0% interest paid, even though a disgusting rate). Depending on the balance of the statement closing date….That is the amount reported. This is the magic date you want to focus on if you are targeting to maintain a certain percentage of CL use. So, my closing date is 28th…..I had a current balance of $613. That was reported to the bureaus. I pay in full so I am not charged interest (here is where you have to make sure to pay the previous month balance to avoid interest), but I have to check the useage as of the 27th to ensure I am impacting what is reported to the bureaus.Get a mastercard credit card I check my data at least three times a week, so I know everything that is pending, has cleared, and what is going on in general. I hope this helps a bit. It is extra work to manipulate the system, but after a bankruptcy some 11~12 years ago – I had to learn every trick possible to survive it.

I have a question about ccs reporting balances to credit bureaus.

I noticed I had “balances/debt” that were affecting my credit score even though I pay off my cards in full. I checked my credit report and figured that any new balance I have accumulated between the due date and closing statement of the card will be reported to the credit bureau. (e.G. I pay off my card in full on oct 28th, but the statement doesn’t close until nov 4th or 5th or so. I make new purchases on oct 29th, the purchases go from pending to authorized charge by nov 2nd/3rd, and these new charges get reported to the credit bureaus as a ‘balance’ on my card).Get a mastercard credit card

So I’ve recently changed all my credit card due dates to the 1st of the month, so that the statement closing date will fall around the 5th or 6th (varies by credit card). I’ve decided to use my ccs after the 6th and pay it off in full by the 1st, and try not to have any activity between the 1st and 5th/6th just so I don’t have a ‘balance’ being reported and messing up my score. Is this method ok?? You mentioned that having a $0 balance being reported every month isn’t good, but I am actively using my card, I’m just using them outside of the report-to-credit-bureau period so that I don’t have a positive balance being reported. If I follow this method, will the credit bureau still be able to see that I’m actively using my card, or should I leave one card with a $10 balance as you have stated above?Get a mastercard credit card