When to pay your credit card bill

Never pay the full balance on your credit card before the statement close date.

Doing that will result in $0 of utilization being reported to the credit bureaus which funny enough can sometimes lower your credit score.

But instead let the statement close date pass with about 5% or your total credit limit being utilized and then pay off the remaining balance before the payment due date which is typically 3 weeks after the statement close date

As long as you pay the full remaining balance by the due date you won’t be charged interest

And since you reported a small balance the the credit bureaus, your showing potential creditors you use your credit responsibly and this can not only raise your credit score but can also increase chances of being approved for new credit!

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