Is 0% Utilization Bad For Your Credit Score?
Рет қаралды 117,194
Күн бұрынWelcome to my MissBeHelpful channel!
In this video I address 2 important things to consider when thinking about utilization, and specifically 0% utilization. Watch to find out if you're helping or hurting your score when you have a zero balance on your credit card!
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’Til next time… PEACE!
@MJ-nu7pg 4 жыл бұрын
2nd time I was looking for credit card Info and found one of your videos. Very helpful 🙏🏾
@flamarjr2000 3 жыл бұрын
I wondered about this question. Thank you!
@karmaking1263 2 жыл бұрын
You are great at explaining things
@mrs.a7572 4 жыл бұрын
Great info! Thank you.
@richboovertime 2 жыл бұрын
this video was really helpful answered everything I was thinking about
@youtuber2428 2 жыл бұрын
I paid off all my bills and my score went to 752 but then i didn’t use any of my cards with a limit of 16k and it drop 60 points. So recently I’ve been using my card and it went back up to 779 currently. The algorithm for credit card is tricky, it’s good that you use your card and pay off bills but you have to constantly do it and use a good amount of your limit. Basically you have to a good amount of side money to keep your score up
@hellojuneau8917 4 жыл бұрын
Okay this answered my question, thanks!
@kj232009 5 жыл бұрын
I keep my utilization at 2%. I believe in the U.S. the top tier credit individuals stay between 2% and 7% utilization
@missbehelpful 5 жыл бұрын
Yes they do! That's a great strategy!
@Zhello79 4 жыл бұрын
I always stay between 20%-30%. I'll give that range a try next month.
@KaliforniaKurupted 3 жыл бұрын
@@Zhello79 do you mean total utilization or on a single card?
@Zhello79 3 жыл бұрын
@@KaliforniaKurupted total utilization. Even if you have a single card, it still applies. But having just one or two cards, it is easy to manage.
@smooth235 3 жыл бұрын
Zhello So what happened? Did your score go up after using 2% utilization?
@AntonioThaGod 2 жыл бұрын
Great video thanks I learned from this!!!
@charitawilliams5836 2 жыл бұрын
Finally got the answer to my question answered about using or not using a credit card. Thank you!
@redshimmy5334 6 жыл бұрын
Another wonderful video from you. Keep shining on your light to this world sweetie
@missbehelpful 6 жыл бұрын
Thanks so much! :)
@janicecotton4744 3 жыл бұрын
Makes complete sense Helped me a lot to understand
@FlippinAngel 6 жыл бұрын
Love your videos thank you
@missbehelpful 6 жыл бұрын
You're welcome! Thanks for watching!
@jamesthacoolcat9926 6 жыл бұрын
Thanks awesome video.
@missbehelpful 6 жыл бұрын
Thanks for watching and commenting!
@mrmentorcreditjamz9305 2 ай бұрын
Great information… thanks
@dieselslade7240 6 жыл бұрын
Knowledgable and Gorgeous. Thank you for explaining the 0% Utilization. Subscribed
@clevesland8753 3 жыл бұрын
Shes mine ....well i like her she pretty and smart huh
@HonestFinance 6 жыл бұрын
Great videos. New subscriber here. Utilization is real. My score has jumped up 50 points in 2 months because of keeping utilization low before statements ended. I have had $0 balance recorded in the past and haven’t noticed much change. Thank you for your videos. I’m into finance too, just haven’t touched on credit cards much.
@missbehelpful 6 жыл бұрын
I think credit cards are the most incorrectly used tool in personal finance! It hurts my heart! Thanks for watching and commenting!
@mimi.w667 2 жыл бұрын
So what did you do exactly?
@tkunzy3707 6 жыл бұрын
I just got my first credit card to build my credit so I can buy a sick car I want. I thought using the card almost to the max then paying it off would be the most beneficial to building my credit score. Glad I went online to check out what to do. Was at about 420 of the 500 limit before my first statement. Made a payment on it to leave 40 bucks on it to say below that 9% utilization. Thanks!
@moemoe565 Жыл бұрын
Pay it down or off before the statement date before it is reported to the credit bureau
@XYz-yx5nq 4 жыл бұрын
This is it folks!! Below 6% the credit bureau let you know how fantastic you are. Also 1% is the ideal secret sauce.
@itsfajibaby 3 жыл бұрын
THANK YOU!!! You explain things soooo well. I knew there was something I was not doing right. I will try this. Thank you, again!
@AllAboutPurple 4 жыл бұрын
That was very helpful
@missbehelpful 3 жыл бұрын
Glad it helped
@7961Jackson 3 жыл бұрын
MissBeHelpful more like MissBeautiful wow!!! Thanks for the info
@clemfandango251 6 жыл бұрын
you have taught me so much in half an hour than i have learnt in my life lol thank you so much. really appreciate it
@missbehelpful 6 жыл бұрын
Glad to hear that! You're welcome!
@derrylchalk4645 6 жыл бұрын
I like this video, you are smart. I try to pay my credit card bills on time.
@missbehelpful 6 жыл бұрын
Yep! Good move!
@toekneelorenzo2942 3 жыл бұрын
@@missbehelpful are u saying to have 0 percent utilization is better for credit than to have like 2 percent? I heard the credit bureaus have to see ur utilizing some credit for score to go up.
@nohandlebravo 5 жыл бұрын
Hi Missbehelpful, enjoy your videos! Question, I was paying all my low bal cards off then was going to tackle the larger card balances. Then i saw your video bout them closing inactive accts (ouch) how long is too long not to use a card? If i charge something every six months will i be safe from them closing my acct? or should i just make a small purchase every 3 months and then pay it off after it shows on the report?
@joseserrano138 6 жыл бұрын
YOU ARE SO COOL . I LEARN ALOT FROM YOU I THINK YOUR SO ALLSOME....TOTALLY.
@missbehelpful 6 жыл бұрын
Thanks for watching and commenting!
6 жыл бұрын
Thank you it help my credit score plus r beautiful thank you 🙏🏿
@TheTyson35 6 жыл бұрын
Great advice !!! As always , thank you for the knowledge
@missbehelpful 6 жыл бұрын
Thanks for watching!
@jabbatheplutocrat1074 6 жыл бұрын
Such a lovely credit card lesson lady.
@missbehelpful 6 жыл бұрын
Jabba The Plutocrat Thanks!
@jabbatheplutocrat1074 6 жыл бұрын
Are you a financial advisor or just a web babe?
@Naz.Man. 3 жыл бұрын
Love your accent...thnx for info
@aftabkhanak14 3 жыл бұрын
Nice video 👌
@missbehelpful 3 жыл бұрын
Thank you so much 😀
@junitolopez3762 4 жыл бұрын
Another important point people miss. If you have a bad payment history, in order to get to 💯% good history. You need monthly, positive information, as well as more credit cards to increase your positive payment info.
@jchristopherh5675 6 жыл бұрын
I understand i lile your videos advice is use more viuals like charts and white board with outline and details as well as
@chriselsen3345 5 жыл бұрын
How does it affect your score when you upgrade your oldest card to a different card with a new number? Like going from a Chase Freedom to a Chase Sapphire preferred.
@kiddanger11 5 жыл бұрын
Should you pay your credit cards weekly vs monthly? Thanks
@stevenmiller7747 6 жыл бұрын
There are some misunderstandings here. If you wait until you get your bill and pay by your due date you won't pay any interest but you will have credit utilization. The only way to have 0% credit utilization if you use your card is to pay it off before the statement closing date. Once you get your bill it's too late to have 0 utilization. I have 19 credit cards. Use them all, always pay before the statement closing date, always have 0 utilization and always get credit for using my cards. If you can, that is the perfect way to use credit cards. Many people debate is it better to have 0% utilization or 1% and the difference isn't much but 0% is better as long as you are using your cards.
@mrs.dllieberman3609 6 жыл бұрын
Hi Steven Miller: Thank you for your explanation of utilization. I am sorting through the information and some are contradictory as far as utilization. I share your position to go 100% and pay it off before the statement due date. However, it is good to know that it works because I am just getting started with only a few cards. Now, what is the best way to apply for new credit without it impacting your score due to inquiries? Thanks again!
@luqmanb1333 6 жыл бұрын
Steven Miller I
@stevenmiller7747 6 жыл бұрын
DL Lieberman get an AMEX card, if you already have one that's great!!!!! Little known secret, if you have an AMEX card and have a good history with AMEX they will almost never do a hard inquiry again. Between charge cards and credit cards I have 6 AMEX cards that I have acquired over a 4 year period and they only did one hard pull, on my first AMEX card. Only company that does this. Perfect for getting new cards without getting more inquiries on your credit report.
@mrs.dllieberman3609 6 жыл бұрын
Steven Miller, thank you so much for your sage advice. I will definitely get an AMEX card; I did not know the little-known secret they hold. Right now I am sitting out on acquisition because of my inquiries, which are too high.
@WayneJohn-fq6cn 6 жыл бұрын
what about using your card and paying it completely every month to have a 0 on your statement? Will it hurt or improve your credit score as oppose to having a few dollars on there?
@chrissiology 4 жыл бұрын
I had a 738 and had a 0% and didn’t use it for ONE month, I found it ridiculous how my score dropped 23 scores down!
@franklinmartin2800 4 жыл бұрын
Are you sure you’re not tired? You’ve been running through my mind all day.
@ccowans4579 4 жыл бұрын
Franklin Martin lol
@RenaeJGray 3 жыл бұрын
For someone with only 1-2 credit cards trying to create/ build credit with no loans how much utilization should I use combined and for each card?
@RenaeJGray 3 жыл бұрын
How little do you have to use your credit card to not be considered an inactive/ closed account?
@DitsyMe 3 жыл бұрын
I have 2 cards from capital one. I only use them to purchase stuff under $5 like a 1 gallon water or a energy drink lol.
@MenschFeind04 7 ай бұрын
Never carry a balance with them if you still have them, it shows bad behavior thru the algorithm they use
@aprestoargentino5695 Жыл бұрын
Good thing I found this. I'm going to leave my country next year and I never use credit so I guess I better stay away from them.
@GrujoDaniel 5 жыл бұрын
Is it good or bad for my credit score to have a negative credit balance? I paid more money to the credit card than I spent before my closing date.
@jhz4722 6 жыл бұрын
Love you hair cut
@Dheerajkumar-gx5ty Жыл бұрын
Credit history is frm tht one card wch u started using fr the first time, do whatever u want but never to close tht particular card, even wn u have to pay the joining fess. Close wch ever u want but not tht one card... She is bulls eye :- right (frm India wit lots of respect fr u)
@kahugumuiruri9057 3 жыл бұрын
I pay the card balance in full once i get my paycheck. I do not care about the utilization but every fortnight i pay the balance in full. Does that affect my score?
@re9473 5 жыл бұрын
Hey I’m not sure if this is on the same subject .I have a care credit that I used at one point at the dentist . And for the last two months I haven’t use it since I paid it off and I don’t use it and it’s 2500$ What should I do with his card?
@nsmcgirt 5 жыл бұрын
I could watch her talk about firewood
@671JaySkully 4 жыл бұрын
nsmcgirt 😂😂😂
@TheirsHopewithJesusChrist_277 4 жыл бұрын
True lol she is pretty :)
@michaelswami 4 жыл бұрын
She is very easy on the eyes.
@MrKDubya21 3 жыл бұрын
She is fine
@jacobeddie5497 3 жыл бұрын
All thanks to *@Darkvictor* on *telegram* he help with bit coin flips and fresh cc with high balance and it work I don't no what I will do without you ....you are the real deal 💯
@JohnPaul-fy3dg 6 жыл бұрын
By the way how many credit score can get best buy visa card ? Thx
@anixia04 5 жыл бұрын
Hi, I have a credit card that was bought by another card. And they closed out the first one it looks like I closed it . What can I do about that? Thanks Gilda
@InfantryCaptain-ow5sr 3 жыл бұрын
0% utilization is great,Bonita!
@smiley0407 2 жыл бұрын
I have a question for the community. I have a 2% cash back card with a limit of only $500 I'm rebuilding. If I use it and pay it every week. Can I use more than the 30% rule if I have it below it every month when it reports or could I still hurt my credit that way. I want to keep building but I would like to get that 2% back on more purchases
@patronee12 4 жыл бұрын
Would ithurt my credit if i pay off the current balance in full instead of the statement balance every due date? I do this so that my utilization ratio is low. Would having my utilization at 0 hurt my credit also even tho i use my credit card but pay off the whole balance?
@mrsmith562 4 жыл бұрын
Hi I’m trying to rebuild credit and get as much points added to my credit score as possible, my due date is on the 17th of every month and the closing date is on the 20th of every month, so should I pay my balance in full before the 17th or after the 20th?
@odinswar596 5 жыл бұрын
It's always good to show at least $1 on the card n show utilization
@davehardhitterz1146 4 жыл бұрын
Odins War do you have to carry a balance to have a utilization rate over 0%? Cause I only use $45 on a $300 limit but I paid the balance in full before the closing date. Is my utilization 0% or 15%?
@Menudo-boy 4 жыл бұрын
@@davehardhitterz1146 it's 0 if you pay it off
@tommytran6122 4 жыл бұрын
Dave HardHitterz if you pay it after the statement closing date it’s 15%. If you pay before it’s 0%. Because if you have a balance after the statement closing date it gets reported to the credit bureau. If you pay it before, the credit bureau sees a 0% utilization
@tommytran6122 4 жыл бұрын
Dave HardHitterz oh my bad I reread your comment. Yeah it is 0% because you paid before the closing date.
@jacobeddie5497 3 жыл бұрын
All thanks to *@Darkvictor* on *telegram* he help with bit coin flips and fresh cc with high balance and it work I don't no what I will do without you ....you are the real deal 💯
@babypenguin6014 6 жыл бұрын
Hey miss be helpful can you make a video about how to get a home loan please
@missbehelpful 6 жыл бұрын
I haven't done that yet but I can research a little bit!
@shauntelllycl5684 6 жыл бұрын
Hi new sub; I appreciate your videos 🙌🏽 could you please do a video about using your CC and paying it off within a few days, if not the same day? PLEEEEEAASE and thanks in advance
@missbehelpful 6 жыл бұрын
Sure - do you want to know if that helps your score?
@nohandlebravo 5 жыл бұрын
also, is the utilization per card or is it looked at as all cards combined or both?
@Shaolin91z 5 жыл бұрын
Both....collectively and individually
@whoispriest 5 жыл бұрын
Very good points
@almay9962 4 жыл бұрын
would having a negative balance on my credit card help my credit score? if I pay more than my balance
@mini_rajnikant3616 3 жыл бұрын
Mine went down
@R.R.R.712 4 жыл бұрын
Normal comment passing through the spammy ones lolol
@jyorhangreene831 3 жыл бұрын
Look anything below 30% you’re safe . Once i m within those lines I’m good. Because even if u keep it at 10% it’s not like they are going to give u 50 points off the bat.
@yrichspirit2350 4 жыл бұрын
My utilization is always 0 on my statement date but I use it
@Sexy40baby1 5 жыл бұрын
I have no problem with using my cards but honestly I dont want to have a bill amount of 9% of my spending limit. That would be a high bill to pay.
@toekneelorenzo2942 6 жыл бұрын
So I kniw ur suppose to use only 29 percent of ur limit or 9 percent for better credit score. Wat if my limit is 500 can I spend more than that percent if I pay it off before closing date? or will it lower my credit score?
@a-t5380 Жыл бұрын
Can I not just pay my credit card after every purchase? Does that hurt my credit?
@146gods 4 жыл бұрын
Also how can i raise my credit utilization? Is it by getting closer to the credit limit for example 1500? Or using ur card more frequently?
@michaelswami 4 жыл бұрын
I can’t fathom why you would want to increase it, as that is 30% of your credit score. Higher utilization bad, lower utilization good. If you want a limit increase, running a balance and paying it off every month should still help.
@seaco2000 6 жыл бұрын
how many years will it have damage on your credit score?? After it gets closed by accident
@Shaolin91z 5 жыл бұрын
7 to 10 years
@runningupracksent5194 Жыл бұрын
My credit card got 1800 n i only use it for Netflix . Pay it off every month I only use 2%
@gerardw.7936 6 жыл бұрын
Hold on pump the breaks!!! You said in the other video to pay the balance in full.
@fossilyuni 5 жыл бұрын
Paying the balance in full by the due date is key
@TruthBombing 22 күн бұрын
%0 utilization is a sure fire way to get either your credit limit lowered or your card closed altogether.
@elisa1077 6 жыл бұрын
How do I know when it's due... Is it the same thing as closing date please help im trying to build my credit just got a secured credit card.... And also do you have a video on how to get out of debt and stay out of debt..... So I can save money thank you
@jamzempire 6 жыл бұрын
The closing date is pretty much the due date.
@missbehelpful 6 жыл бұрын
No the closing date is the start of the grace period and the due date is the end of the grace period. They are usually a few weeks apart. Thanks for watching and commenting!
@missbehelpful 6 жыл бұрын
Check your bill or call and ask them when the due date is and when the statement closing date is. Thanks for watching and commenting!
@elisa1077 6 жыл бұрын
I learned so much from this I now keep my score at 0% utilization by paying the whole amount I owe before the closing date thank you
@jacobeddie5497 3 жыл бұрын
All thanks to *@Darkvictor* on *telegram* he help with bit coin flips and fresh cc with high balance and it work I don't no what I will do without you ....you are the real deal 💯
@RicCr8 4 жыл бұрын
Okay I’m 18 and I got my credit card about a month ago and I’m still a little bit confused. So my credit score was at 752 or something like that before I even started because my brother did something with his credit cards that he put me under and I was getting credit for it. So when I opened mines up it went down a little to 742. So I have a credit limit of 1500 with BofA and the payment date is December 25 and my closing date is December 28 if I already used 1200 in credit and have the cash for it should I pay it before December 25 to have 0% utilization? Or just wait and pay it on January 25 when it’s supposed to be due ?
@honeypotqueens9865 2 жыл бұрын
Can closing all your credit cards and having none hurt your credit history and can you lose all years and if you apply later will they start your years over
@jayspov1576 3 жыл бұрын
I payed my accounts in full by the due date and my score dropped by 20 points. Mad af right now.
@mini_rajnikant3616 3 жыл бұрын
Same😑
@ingridmartinez3839 2 жыл бұрын
That happened to me and I was mad. I even called trans union, Experian and FICO I was mad!!!
@misterwoosah5862 2 жыл бұрын
What utilization percentage were you at on the report date? If it was higher than 30% then that could be the reason why you dropped 20 points.
@vedantdesai1 2 жыл бұрын
AEZO look that up! Don’t make your utilization reach 0%. You should always have revolving balances, don’t pay the full amount before the due date
@fattysgarage1754 6 ай бұрын
You can drop 20 points for no reason. Credit score is a scam. They make you think this way to spend money thinking you “did something wrong”
@curlypdub9283 4 жыл бұрын
I have a couple credit cards that I opened four months ago I haven’t used it yet and the reason I haven’t used it yet is because I’m trying to purchase a house so I can’t use any of my cards do you think that they will close it down because I haven’t used it yet?
@michaelswami 4 жыл бұрын
You can use your credit cards (keeps them active) and pay them off during the month. That way you don’t hurt your score and you don’t lose the cards which, ironically, would hurt your score by shortening your age of credit, potentially.
@shawney123456 3 жыл бұрын
They should teach this in school
@moemoe565 Жыл бұрын
The reason for this people will pay the total bill by due date to avoid interest. Example: make a purchase right after it is paid on due date (within 2 days later) and whatever you purchase that's the percentage that will be reported to the credit bureau because you may have made that next purchase before the statement date. The statement date gets reported to the credit bureau. My due date is 6 th of each month - I pay my bill in full to avoid interest My statement date 12th of each month If I make another purchase before the 12th that utilization gets reported to the credit bureau 💳 If I pay the next purchase off before the 12th it will be reported as 0 utilization I hope this will help anyone who read this comment!
@aeromedical6750 6 жыл бұрын
So let me get this straight, I don’t use credit cards and therefore don’t have cc debt, and I am treated as a credit risk. If I have zero debt, why in the world would a bank not want to lend me money. I am far more likely to be able to pay off a loan if I’m not strapped down with other debt than if I have a bunch of payments because i love using credit cards. Makes no sense to me.
@missbehelpful 6 жыл бұрын
True, but think of it this way. There is no proof that you have paid people off on time in the past. So that makes you a big question mark to them. They'd rather see proof of you making payments on time over time. Thanks for watching and commenting!
@jua7265 2 жыл бұрын
It’s a catch 22. Your free of debt. And free of credit. But you’re not likely to get credit - because you’re free of credit. No history = unknown risk (to them.) It’s terrible for you. Lenders want activity, because it makes them money. Lenders want activity because it shows them that you are active & responsible with the dough they promise you.
@omarmadrigal6738 Жыл бұрын
So? It would be a bad idea to cancel my credit card that I’ve had for 5yrs cause I’d ruin the relationship/credit I’ve built with my bank?
@madcyborg Жыл бұрын
If You can.... avoid consumer debt.... steer clear.... just don't..... PAY CASH..... Miles and perks cost more than if You paid for a plane ticket or perk outright.
@LuisGarcia-es3ln 4 жыл бұрын
When you say statement closing day do you mean like credit karma updates every 7 days? On the 7th day Would that be a closing statement day?
@XYz-yx5nq 4 жыл бұрын
Your closing date is a day or two before your statement date. Please call your card company to verify.
@kittydarkwine90 4 жыл бұрын
IF MY BILLING CYCLE IS 11/10/19-12/19/19 if I paid everything off before that cycle but my BILL IS DUE JAN - 06 would the CREDIT-BEAU count it, or should I just pay in full by the due date??? Is it good to pay your balance in FULL every month will this help my credit score go up, is what I'm asking. I know it helps with avoiding interest rates) >> can I pay a month advance? Is it also good to make multiple payments in one month?
@latefordinner4513 3 жыл бұрын
Your bill due date is just the minimum you'll have to pay by the date provided in your bill in order for the creditor to report your account as paying on time to the credit bureaus. You can pay your entire balance the moment you receive your bill or make multiple payments. Any remaining balance left in the account by the following month's closing date (in this case it most likely is Jan 19th) will be reported to the credit bureaus and will be part of your next month's billing statement
@danielconner3607 4 жыл бұрын
They do not close it I have 15 cards and most I don’t use and have had for years maybe it depends on the credit card company
@TheGamer-eh2uz 6 жыл бұрын
I pay off my entire balance and only 6 points up ? that's mess up
@Shaolin91z 5 жыл бұрын
Let your account age
@andyraphael 3 жыл бұрын
I lost 18pts paying off my cc to 0% it went down on experian because it stating that I haven't used my cc
@sea_hous 6 жыл бұрын
I use my cards once a month and pay them off right away or a couple days later. I can't keep up with the closing date etc. it's just too nuanced for me getting it to 1% by the closing date which one of my credit card co's won't even give me.
@antonbriggs5680 6 жыл бұрын
Just keep you running balance under 10% and you'll be fine. Won't have to track anything.
@jumpman366 6 жыл бұрын
Kreate Space no you’re just lazy as hell lol the closing date is the same date every month.
@sea_hous 6 жыл бұрын
Yo Yo I've looked into this. It's 3 different closing dates (3 cards)-- and one of my cards won't tell me that date. And I have a brain injury-- so you can actually go fuck yourself.
@jumpman366 6 жыл бұрын
Kreate Space oh it must be hard to write them down. Obviously it closes the day or day before you get your statement. You can also make all your due dates the same so your statements close at the same time. 🙂
@missbehelpful 6 жыл бұрын
Yea - I get that - That's why I always say divide by 10 then spend ;P Thanks for commenting hon!
@nunyabeeznas3113 5 жыл бұрын
I am totally confused! First, without knowing any better, I utilized more than 30% of my available limit (but I've never gone over the limit or was late making payments), and my score went down, as a result. So I was like ok, I will pay my balance completely off. So I did that, and then my score plummeted dramatically. It's not like I kept my card at zero without using it for a long period of time. This was just for one month that I had a zero balance, and then my score went way down. I don't get it! So now I'm trying the option of keeping my utilization under 30%, but over a zero balance, to see if this changes anything, positively. Is this a good idea?
@nunyabeeznas3113 5 жыл бұрын
@ Thank you for breaking that down for me. I appreciate it.
@davidhale2124 3 жыл бұрын
@ now that was aswome review! Better than her review, but I still give her points because she is beautiful!
@Dakharplanet 2 жыл бұрын
My credit score went down 18 points because of 0% credit utilization
@Mario-hd5se 4 жыл бұрын
What if you’re due date is before you’re statement date do you pay it off for 0 on you’re due date then spend a few bucks to keep that 10% lower utilization few days before you’re statement. Like example due date is the 5th and statement date is 10th
@missbehelpful 3 жыл бұрын
Lot of ppl get confused about this. That would never happen. You must be looking at the due date from the previous billing cycle. The closing date always comes before the due date.
@ammarhoopz786 4 жыл бұрын
Need some clarification, So I have a discover it card, I have a limit of $200, so my closing date is the 18th. So if I use $100 dollars and pay off $98 dollars 2 days before the closing date I’ll be left with $2 dollars on my statement making it utilization of 1% usage on my credit card statement correct?
@RageForm 4 жыл бұрын
MuFaSa Tv yeah
@jmcharles75 4 жыл бұрын
Hey did it work for you that way? Bc Iam trying to do the sand thing but I want to make sure my credit score goes up
@ammarhoopz786 4 жыл бұрын
jennifer C yes it definitely helps
@MIKEO96 4 жыл бұрын
Ammar.r.r how much has your score improved over the last 5 months?
@jmcharles75 4 жыл бұрын
I will like to know the same, Iam trying to get the maximum points
@tamikalincoln6523 11 ай бұрын
Hello if I have a $300.00 credit limit what is the limitbI should spendbto keep it down to1-5 percent
@e92bruh37 3 жыл бұрын
I use my credit card like a debit card and pay it in full before the due date
@ctetuning 5 жыл бұрын
*please help me on this question* if i have a $1000 credit limit and say i spend $900 and if i pay $890 (BEFORE THE STATEMENT DATE) and leave a $10.00 balance would that count as a total of 1% Utilization or a 90% utilization.
@fossilyuni 5 жыл бұрын
As long as the payment gets posted before your billing cycle ends itll count as 1% so you have to time it right. Some banks take longer to process payments so I'd say make the payment at least 3 business days before. Doing this ive had a few statements come out as saying my balance is $0-4
@johnencarnacion7112 5 жыл бұрын
Talk about cash advance,how does that work? Your very gorgeous by the way.
@adriannicholaspadilla6515 5 жыл бұрын
Hey I have a 614 credit score I want my score to go up and I am getting frustrated because I pay my credit card on time and bills on time I am never late I’m just frustrated because my credit score is not going up what should I do so my credit score can go up???
@arzellspencer4556 4 жыл бұрын
If I have a $315 balance on a $1000 cc can I pay $215 now and $100 on the due date that way my statement shows only the 10% use of the card
@chevynation6476 6 жыл бұрын
I’m so confused, how do I pay my bill before I get a statement if I don’t know how much to pay until my statement comes?
@jamzempire 6 жыл бұрын
Husky 14 Credit card companies have mobile apps which you can see your balance in real-time..... So you can see your transactions and amount owed before that statement comes.
@missbehelpful 6 жыл бұрын
Yup! What they said! ^^^
@jacobeddie5497 3 жыл бұрын
All thanks to *@Darkvictor* on *telegram* he help with bit coin flips and fresh cc with high balance and it work I don't no what I will do without you ....you are the real deal 💯
@JasonEnn 5 жыл бұрын
What? How can the credit card company close your account when they can clearly see you are using the account but just paying it all off before the end statement to send to the credit bureau
@bionicwoman9884 4 жыл бұрын
No she's stating not using it at all
@sea_hous 6 жыл бұрын
Can you discuss using your card and paying it a couple days later? : ) Thank you for all your insight. Because of you I know not to go over 9%.
@sea_hous 6 жыл бұрын
Did I mention I went from a fair to a great score? Pretty stoked. Thanks again!
@wiseman4256 6 жыл бұрын
Ok to go over 9% before your statement. As long as you don't owe more than 9% on your statement date.
@missbehelpful 6 жыл бұрын
This is fine but you do want to leave a little something so they can actually bill you! Thanks again for watching and commenting hon!
@TakuyaHikichi 6 жыл бұрын
@Kreate Space - you're doing fine, your credit card company does not think you're not using card. They know you're using their card. No credit card company will close your account for inactivity when you're using and paying them off before statement closing date because you're still using them. They are NOT making money off of you though, but they won't close your accounts just by having 0% utilization for that card. One of my cards, I even have a positive balance (credit), in other words, I put more money into the card in advance and then use that card to pay off things. I get my cashback etc as usual.
@thevoxdeus 6 жыл бұрын
The CC company is definitely still making money. They get a transaction fee on every purchase. That's how American Express became a mega billion dollar company without ever allowing people to carry a balance or charging interest. That's how they can give you "rewards points" or cash back, pay all of their employees, and still keep expanding their business. Of course, if you carry a balance, and pay that criminally outrageous 20% APR that most of these cards want to charge, then they're making a LOT of money off of you. Don't do that. If you're some one who buys things you don't need and can't afford, just because you can put it on a CC, then you need to cut up that card and stop using CCs.
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