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Every card I've ever had the statement close date occurs after the payment due date. Wouldn't make much sense to have it any other way.
And every card I’ve had is the opposite. The payment due date falls 10-14 days after the statement close date, and the total card balance on the bill is the one pending on the date the statement closed. Pay 100% of that, and you owe no interest.
Probably averages around $1,000. No clue really, I just pay the statement balance so there's always some balance. As long as I'm not paying interest free money is good.
Gen Xer with 4 cards and, I dunno, $70K-75K in credit limits. Haven't paid interest on any of them since around 2000 and have about an 820 credit score according to AmEx.
nonsense!!!!!!! we have not carried a balance on anything in 20 years ....we use our creit cards to put everything we can on them and pay everyone in full ... both our credit scores have been the 800's so not carrying a balance and being punished for it is b.s.. am 827 and my wife 821
Same here; never keep a balance and my score is 805. I did buy a new vehicle last year with credit but paid it off by the end of the year.
Not saying you're wrong, but what cards report more than once a month? I've personally never seen one.
One of my cards would immediately post an update to my credit report if I made a large purchase. It was as though they felt that they had to alert the world that I was spending money. I cannot recall which card it was but it may have been a department store card. I also remember that Kay Jewelers used to pull your credit every time that you made a purchase. I learned that fact after I visited the store twice in a week to make separate purchases for my daughters.
We pay off balance last week of the month. We have $40k credit, usually between $1200-2000 balance. Score is usually 800-830. Recently it dropped to sub-790 for whatever reason but went back up. I don't understand the system and sorta hate it for that reason
Not true. Where you got this info from?
I pay all my living expenses with a credit card (don't have house, car or student loan payments) then pay off in full every month, by the end of the billing cycle. My FICO is higher than yours.
Thanks for your info, elnina.
Because of your post here and others on this thread, I just called my Credit Union and paid off my CC in full.
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