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Member Since: November 2013

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Credit card utilization and your credit score

Oct 07, 2014

All you need to do is send your payment the day after you receive your credit card statement. If you charge $100 on 9/15, and your statement closes on the 9/30, wait until after 10/1 to pay the $100. You won't be charged interest if you pay it off by 10/31. A lot of folks have had this problem, but it's really very simple. The $100 will show up on your credit report as utilization, but you won't pay any interest.