How To PROPERLY Pay Your Credit Card Bill, So That You Can I.. (OnlyFans)

How To PROPERLY Pay Your Credit Card Bill, So That You Can It Can Really Affect Your Credit Score
 
 First thing you need to know is the difference between your DUE DATE and your STATEMENT DATE. Do you know what your statement date is on your credit card? If you don’t know I’ll teach you how you can really finesse your credit score.
 
 Due date: 
 The due date on your credit card that is the date that you need to pay your balance to avoid a late payment. On your due date you need to at least pay the minimum payment to be good.
 
 
 Statement date:
 The statement date is usually about 4-6 days AFTER the due date. So the statement date is whatever balance is left over AFTER the due date that you didn’t pay or whatever the amount is, THAT’S going to get reported to the credit bureau. This is why the statement date is so important because that’s what gets reported to the bureau. 
 
 So many people say “I paid my credit card bill and I have to wait til it update” and their utilization is high and they paid the balance off in full and they try to figure out why. that’s because you need to understand the statement date. 
 
 For instance you have a 
 credit limit of $1K 
 balance of $400 
 And your minimum is $50
 Due date is the 1st of the month
 Statement date: 6th
 
 Let’s say you pay the minimum which is $50 now you new balance is $350. If you let that $350 stay stay and you don’t make any more payment, when the 6th comes that is what’s going to get reported to the credit bureau. So with $1K credit limit and $350 balance getting reported to the credit bureau you are now at 35% utilization. The general rule of thumb has been that you don't want your CUR to exceed 30%, but increasingly financial experts are recommending that you DO NOT want to go above 10% if you really want an EXCELLENT credit score. So back to that example if you pay it off in full when the statement date hits the bureau will see that you pay it off in full and now your CREDIT UTILIZATION will be at 0%. With this quick strategy of understanding your due date and your payment date you are able to save your CREDIT SCORE and allowed it to increase. You should use your card on stuff your are ALREADY going to spend money on like bills it’s that simple. 
 
 Make sure you know and understand your due date and statement so that you can get an excellent credit score and leverage your money to keep investing.