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Question
changes to credit card utilization rate
I use my credit card but pay it off every month if I stop using it and bring the balance down to zero or close to it, how long will it take for my CCU rate to change?
Asked by
fridayfred
1 year ago
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Paying it down is a good thing. Closing it is a bad thing. However, if it one of those junk cards like premier bank with all those fees I would close it if I had other better credit cards.
camalott4 1 year ago
For to answer the actual questions lol. It depends on when they report but anywhere from 1-60 days.
camalott4 1 year ago
It will change the next time the lender reports to the credit bureau, which is typically on the day the billing statement ends. Plus it could take an extra day or two to process.
ltomberry 1 year ago