Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
er0senn1n

2 Contributions
14 People Helped
Should I pay balance before or after reporting date?
I've been reading a lot of mixed answers, someone people say to pay before reporting date and some say after reporting date. I would like to increase my credit score.
Capital One told me they report to credit bureau 2-3 days after statement closes. My statements generate every 25th of the month. My due date is on the 22nd. This is my current statement cycle May. 28 - Jun. 25, 2016.
When should I pay my balance, also what is the time frame I have to buy items so that it would get reported.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7344 Contributions
3805 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

Always make sure your payments are in prior to the due date.  You want payments sent in between closing date and due date in the event you are able to make multiple payments per month.  How credit works is well explained in the articles on this site so I suggest going over them thoroughly

.

3 Contributions
1 Person Helped

When to pay

I would recommend that each payment be made prior to due date. This is obviously common sense, but what I would highly suggest is to not add any additional purchase until after the reporting date. That way your credit card will always report a lower balance for the month and then you can use your card. Also, to increase your score make absolutely sure your cards are reporting between $10-10% of your available balance each month. That way you keep your utilization down and your score going up.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.