Closing Date vs Due Date?
What Is a Credit Card Closing Date?
A closing date is credit card terminology for the last day of your monthly billing cycle, and when your monthly bill is generated, and your statement closes for that month.
Your statement closing date is also the date that your account’s balance and payment information are transmitted to the major consumer credit bureaus – Experian, Equifax, and TransUnion.
If you balance was $500 dollars on a 1,000-limit card on the closing date, it will get reported on your credit report $500 on that 1,000-limit care toward your credit debt utilization, which is 50 percent, I would keep if under 30 percent.
How do we get around this, to use your cards a lot to build that relationship with your credit card company
Then your will pay down your credit card 3 days before the closing date under 30 percent, so on the closing day shows a low debt and your credit score will not take a hit.
This will help to build that relationship with your credit card and not get a high debt reported on your credit report. And
So, if you are concerned about your credit scores, you may want to pay off as much of your credit card balance as possible before your closing date. And make sure you use your cards for food gas or whatever that will help you get a higher limit.
Need help with your credit?
link below!
https://boostscorenow.com/
Want to learn more about credit and business credit?
Check out this amazing course on CREDIT click the link below!
https://credit-mentor-program.teachab...
GET YOUR FREE SECRET LENDERS LIST EBOOK TODAY.
https://secretlenders3.subscribemenow...
FREE Business E-book!
https://devin-143d2.gr8.com/
#Credit
#BusinessCreditCards
#BusinessTip
#DevinMDevis
-
9:39
Tactical Advisor
1 day agoBudget vs Expensive Helmet Setup
22.7K10 -
1:15:36
Patriots With Grit
18 hours agoWill Their Great Reset Backfire? | Larry Ballard
24K30 -
1:00:13
The Squad
1 day agoMckenna To Man Utd ON! ✅ Man Utd Will Get DESTROYED By Man City! 🥲 Arsenal To Sign Brobbey?!
23K6 -
7:30
Adam Does Movies
19 hours agoFuriosa: A Mad Max Saga Movie Review - Cinema Has Returned!
36.8K46 -
9:59
Silver Dragons
23 hours agoBullion Dealer on Silver’s BIGGEST MOVE in a Decade
45.7K38 -
17:32
JoBlo Originals
23 hours agoWhat Happened to DANNY GLOVER?
43.3K24 -
22:14
MYLUNCHBREAK CHANNEL PAGE
20 hours agoAngels Helped Build the Old World?
49.4K42 -
4:16
Chris Jericho
16 hours agoTalk Is Jericho Highlight: Joel McHale x Chevy Chase & Community
41.6K5 -
2:43:34
a12cat34dog
12 hours agoROCKIN' OUT IN THE RUMBLE CREATOR HOUSE
25.3K9 -
4:27:24
Right Side Broadcasting Network
12 days agoLIVE REPLAY: President Trump Addresses Libertarian National Convention in D.C. - 5/25/24
345K532