Best Day to Pay Credit Cards to Increase Credit Score 

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One of the only videos that gets to the point

I know a lot of people believe that having your banks report zero balance is good and I used to believe that too but I’ve noticed for myself that when I do get a balance reported my score goes up and when I pay everything down and banks report zero utilization my score goes down 🧐

It’s not hard to find out what day the credit card reposts to the bureaus. All you have to do is ask them when the statement closing date is. Simple. It’s not a mystery.

I just make sure I pay off my entire balance, before my statement closing date. 🤷🏽‍♂️🤷🏽‍♂️ And whatever I charge, after that will be my balance for the next month simple. 🤷🏽‍♂️👍🏽💳

Man, you make some of the very best videos and cover topics that others have done a very poor job of covering. So many people are confused - your credit card reports your balance on the statement date. People really need to know that.

I always pay it off 3 days before my due date and my score is 740+.

I always pay it down right before the statement balance closes.. that’s the trick

I have a cash back card I charge 1,300 to 1,700 a month I pay it off every month. They pay me . I've made close to 500 in a year. They raised my credit 3 times in a year.

good info! I say pay it off before it can accrue interest.... it's good to use your credit cards. ... but it's better avoiding any type of interest so paying it off sooner than later benefits you in the long run

Use credit card like cash and get that sweet sweet cash back and rewards 🤤

I buy one coffee, dark roast... Per month. I log into my account, transfer funds and pay my bill immediately after my purchase while sipping on my coffee and feeling good that my score will be jumping by 20-50 points because I'm a goddamn genius.

I just want to add this. 10% is when your score will drop. FICO will always round up to the next number. Meaning 9.000000001% is still 10% and you will be dinged points. So you want to actually stay below 8.99%. If you have a $1000 limit and you have a $100 balance (10%), you WILL be dinged points. If you have a $91 balance (below 10%) it will still be rounded to 10% and again, you will be dinged. In this analogy you wouldnt want more that $89.99 to report to your credit reports. I agree with everything else in this video.

This video alone made me subscribe to your channel. I've watched 4 different videos about this and was still confused. Thanks

If you call your credit card they tell you when the cycle close and when they report it to the credit bureaus usually is like 3 or 4 days apart just don’t use your card or have a really low balance like 2% from closing cycle to report and then use is again after that

Long story short, call your creditors and ask them when they report to the credit bureaus. They will usually say your "last statement date and pay it before that date.

I pay just before the closing date and pay my cards off biweekly and keep all cards below 10%

I am so grateful that I stumbled on to you!!!! I have been looking for someone to verify the way I have been handling my credit. I want to thank you for doing do. I had a score of 710 on May 10th of this year. I didn't realize that my score was going to drop 34 points in two weeks according.to Credit Karma. I almost had a heartache!!!. I then realized that I had a $800.00 debt on a $1200.00 limit. I know how in the world did I not know that. Well, it happened. I fixed it. If my calculations are correct, my score should rise significantly, and by listening to you, I feel good about it. I subscribed, and I look forward to hearing from you again!

That's what I thought leaving Little balance..most people believe in keeping your balance to zero

your video was the only one we could fully understand after watching many others .

Best way to use a credit card paid in full each month do not spend what you don't have

If you can improve your score by keeping utilization under 10%, what do you need credit for?

So I believe the short answer to the title of this video is: Many (but not all) credit card companies report the balance as of your statement closing date. Aim to have your balance below 10% of your total credit limit on that date.

I use my credit cards every other day all month long i keep my Credit usage between 1 and 5 % just like Adam said make multiple payments a month Pay attention to the closing date not the due date and with the due date put it on auto pay and you will never have to worry about it but the closing date is the date to always pay attention to I don’t know the last time I used my debit card Credit cards have all the protections debit cards dont

My due date is about 5 before it gets reported to the bureaus. So I have to pay interest. Should I request my due date to be move? Will they move the reporting date too? TIA

Well I just got my first credit card, its a $300 max lol.

Hands down best info

I'm an 800 club guy with lifelock 😎Credit reporting agencies know your balances for the entire month. Example: if you have a $10.000 credit card line. And you use $1,000. It's reported you used 10% of your credit limit that cycle . Even if you pay it to zero .Pay it off before the due date down to zero. If you do that every single month. Your credit score will go through the roof. You always pay your cards down to zero. It is myth to carry any balances to help your score. Zero balances are the best.

Four minutes in and I still do not know what the "Best day to pay" is. Yes, Yes, Yes, 10%%%%. Please tell me the answer!

Pay your bill on the 15 th and on the 27. Trust me 😉

This is EXTREMELY easy to UNDERSTAND 👏👍😊! Thank you for posting this 👏!

Pay down your balance below 30% before the credit card closing date and pay off balance when its due. Simple kind if a confusing video. If you don’t know the closing date call the cc company or look at your statement.

I had my first credit card in 2012, secure $500. Then a year later bank increased it to $10000. Got another card from capital one and they given me a pretty high credit limit. In short I have $60000. Credit limit and since 2014 I am 800 +. Always paid in full. Sometime when I need I spend more than 20% of the limit. Doesn’t matter. Just pay in full in time.

This guy has gotta have an 840+ score for sure. Tier 1 presentation and guide brutha

That very informative thanks for sharing keep up the great work

The only credit advice I’ve ever gotten IRL was from my grandmother. She said pay more than you owe before it’s due. I assume she meant more than the minimum payment. Very few people seem to talk or teach about credit to their children.

Increase your credit lines that will help your score and your percentage

My Due Date Comes 1st Then My Closing Date comes a few days after. So Ima See on my due date have a $0 balance so I don’t get charged interest. then between the due date and closing date make a small purchase to show im using the card. And see if a 0 utilization gets reported or the small balance.

This video is very helpful. Thank you!

This has been the most comprehensive and informative video, with actual useful information! Thank you

This video is two years old and I most say he get straight to the point I Learned so much watching his videos about working on my credit thank you so much

Ok, I checked this morning, and my percentage went from %9 to 3 % with a new credit limit of $500 from $200

Thanks. You made it simple. I watch two other guys and couldn’t figure out what they were saying. 🌹

Everytime I pay my credit cards off to a zero balance my credit score drops, and I have never been delinquent nor late. I'm not going to carry a balance to have a better credit score. I don't understand the credit roller coaster. I'm punished for paying off creditor's.

Solid video I was trying to explain this to a friend but I send him your video bc you explained it better then me 😅😅

Pay it before the closing date and you’re rocking solid!

I reported zero percent utilization one month then seven percent the following month .Then my credit decreased two points

I heard that keeping the balance around 30% of the credit limit is the best. I have a brand new card I got about a week ago with a $300 credit limit and have been trying hard not to go over $100 dollars. Is this going to start my credit history looking good?

Thanks for the great video.

I usually pay 75% of my balances right before the statements close, just so it doesn't report too high...but still shows usage.

It reports on the statement closing date

Credit karma tells you the exact date

You need a board to wright the days on because, sound confusing talking

its after the closing date and before the due date

Very informative, but does this apply to business cards as well? Or is that a completely different system?

All of my accounts are zero. Just here to see see if you could tell me something new and helpful.

You can dramatically raise your credit score by being added as an authorized user on someone else's card with good credit. I got my son from sub 600 to 750 in 3 months. Of course, the person has to trust you.

Thank you your one of many videos I watch and enjoy😎 I’m working on getting baddies removed and have been taking steps to improve my Payment History..... I hope in 6 months time I’ll be around 700 plus Fico

I finally found the answer that i’ve been looking for, thank u sm!

I hope you can see my comment because I'm confused. I'm very serious about building my credit. If the closing date is when they possibly report to the bureaus, then I would have to have a balance below 10% by this date right. Isn't this statement closing date also the day when they calculate interest? so If I maintain a balance during this time wouldn't I be charged interest regardless? because my due date is a few days before this closing date so if I pay off the full amount won't they report 0 ? and if I keep the balance around this time wont they still charge me interest ? PLEASE TAKE A LOOK AT MY QUESTION

Use a Amex Charge Card Then you never have to worry

Let’s say you’re limit is 1000 I want to keep it under 10% but let’s say I spend 300 its the 3rd day of the month my due date is the 28th. To get my Utilization lower than 10% I would have to pay let’s say 210 before the 28th and keep that Utilization under 10% and I should keep it under 10% the whole month and fully pay it before the due date like a. Day before the due date on the 27th or on the due date on the 28th

What if my billing/closing date is after my due date? Do I just have to deal with the interest rate to have the 10% utilization reported?

This is such excellent advice. I have used these strategies for many years now. Your credit score will stay in the upper ranges. Knowing your various credit card closing statement dates is a solid system. Learn this by calling your card issuer. As always, great video!

Yes this guy is freaking awesome so easy so simple I liked ithis video and now I’m subscribed!

The due date is always before the statement date. So what he said isn't right. The statement is usually about 5 days after your due date

Great video! Thank you!

I pay the balance in full two days before the statements are generated. I can use the card again the day after the statements are generated.

Is there no other way for companies to see activity on your card than carrying a balance? I pay my entire balance by the closing date on my cards, and my 3 FICO scores are north of 800. However, maybe they could be higher if I carried a small balance. It's hard to know. I've watched conflicting videos on this topic from different "experts." Some say a 0% balance is fine. Others say 1%-2% is better.

I agree but FICO like for you to have some balance on your credit. FICO said 7% utilization is good

Let’s say you’re limit is 1000 I want to keep it under 10% but let’s say I spend 300 its the 3rd day of the month my due date is the 28th. To get my Utilization lower than 10% I would have to pay let’s say 210 before the 28th and keep that Utilization under 10% and I should keep it under 10% the whole month and fully pay it before the due date like a. Day before the due date on the 27th or on the due date on the 28th

Hi my credit is 688 and my goal is to get it to 750, how can I do that???

I just got my first (secured) credit card with Capital One with the usual $200.00 limit. I have used ti but have paid down the balance. I currently have 71 cents on it and it is on Autopay. Would it be a good idea to have a balance less than $1.00 on a $200.00 card?

Finally...the clearest explanation i have seen so far. Thank you buddy!

I understand the utilization rate, as reported just after the statement closing date, and that I need to keep THAT number as low as possible. The question I have is how do the CC issuers view my usage during the month, when considering me for a possible CLI? If I use 50 or 60% of available credit but pay in full before closing date, is that better than NEVER going over, say 30% at anytime in the billing cycle?

So how can I not carry a balance ( because that means I would have to pay interest) and raise my credit score

Spot on..!, thanks for taking the time make this helpful video.

Thank you for your detailed information and knowledge

tbh, i feel like if I started to use credit back in 2000, and never miss a bill, I would make it to 800+, even tho I was 3 at that time, xD

Thank you do you have any info on how to pay your car lease ?

Mine report on different days....13th, 16th, 18th, sometimes 21st, etc....so frustrating and so much work to stay on top of it......I have 3 or people I know who just pay off balance on due date every month and they all carry over 800 score....heard others say pay in full, some say keep small balance, idk it seems pretty complicated when it shouldn't be

What about autopay?? Wouldn't that be easier??

Omg- I _almost_ didn't click on this video because it looked like an *ad!*

i pay 7 days before due date, pay off the total and use exactly 9%

Never to pay to increase you can do it yourself

Thank you for this advise. Im rebuilding my credit with several credit cards and I've always used it and then pay it off immediately. Now I'm leave a bit of a balance on it until the due date and then pay it off. Im excited to how many points I can gain each month.

Good 👍 stuff!!!

I don't agree with that if you pay off your balance every month that it doesn't look good.

So what day?

You don’t have to leave a balance at the cut date to show if you use your card. Your bank knows exactly how you do that. Just pay it off completely before the cut date or even treat it as your debit card and pay it off each time you use it

Great Job 👍 #Detroit

my closing date is a few dates after my payment due date so if i pay my statement in full wouldn’t it end up going to the credit company’s as a 0 balance for me since i paid my statement in full??

Should one pay off their bill a week before the due date?

Thank you so much for this video, it was very informative!!

I do this by using all of my credit cards each month, and paying down the balance except for $2-10 which is what's reported on the closing date. People think I'm crazy for doing this instead of setting it on auto pay, but I'm fighting for every little point even though my scores are over 800.

Question.. usually if I have a zero balance but transactions pending I am unable to make a payment and then those pending transactions seem to get reported

All this advise usually is BS. For instance I have this credit card that usually offers me a loan for 0% interest for a year and the only charge is a 3-3.5% one time for the transaction. My credit card limit in that card is $15,000 and that means I can get all that money for a 3.5% one time fee. I have been doing that for at least eight years. It's cheaper than a regular loan, you don't need to justify income, response is immediate, etc, etc. Would I change that for a lower credit score? Nooo. I spread those payments for 12 months and then I start again. That's money for a house down payment in some states, new car, all you can imagine. Now I'm helping my son to pay student's loans with that and it's working very well.

Credit karma is a good site to use for confirming when your credit cards report to two of the bureaus

Love from India u r really great person ❤️

Well i watched 12 videos but this makes more sense. Thank youuu 🙏