Comments on: Will carrying a credit card balance through month end hurt your credit score http://myfinancialjourney.com/archive/will-carrying-a-credit-card-balance-through-month-end-hurt-your-credit-score Wed, 16 May 2012 14:32:55 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: MFJ http://myfinancialjourney.com/archive/will-carrying-a-credit-card-balance-through-month-end-hurt-your-credit-score/comment-page-1#comment-123595 MFJ Mon, 19 Jan 2009 00:34:06 +0000 http://www.myfinancialjourney.com/?p=286#comment-123595 @Emily - Thanks that is good to know I guess I will just start paying off the balance in full a day or two before the statement date. Also very good to know it won't hurt my rewards. @Emily – Thanks that is good to know I guess I will just start paying off the balance in full a day or two before the statement date. Also very good to know it won’t hurt my rewards.

]]> By: Emily http://myfinancialjourney.com/archive/will-carrying-a-credit-card-balance-through-month-end-hurt-your-credit-score/comment-page-1#comment-123594 Emily Sun, 18 Jan 2009 20:07:10 +0000 http://www.myfinancialjourney.com/?p=286#comment-123594 Most credit card companies report the balance as of the statement closing date. The magic number seems to be 1-9% of the credit limit since they like to see some use of credit, just not a lot. So pay most of the balance before the statement drops, and pay the rest before the due date. Fear not, you get your rewards anyway. :) Most credit card companies report the balance as of the statement closing date. The magic number seems to be 1-9% of the credit limit since they like to see some use of credit, just not a lot. So pay most of the balance before the statement drops, and pay the rest before the due date.

Fear not, you get your rewards anyway. :)

]]> By: j2r http://myfinancialjourney.com/archive/will-carrying-a-credit-card-balance-through-month-end-hurt-your-credit-score/comment-page-1#comment-123593 j2r Sun, 18 Jan 2009 19:35:59 +0000 http://www.myfinancialjourney.com/?p=286#comment-123593 Don't think there's a set date for any of this. What I've read is that they recommend stop using your CCs 2 to 3 months before you apply for credit. Don’t think there’s a set date for any of this.
What I’ve read is that they recommend stop using your CCs 2 to 3 months before you apply for credit.

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