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Credit Card Utilization
How to calculate your credit card utilization.
Balance Owed ÷ Credit Limit × 100 = %
2 IMPORTANT DATES (Due Date & Statement Date)
Due Date-The date it MUST be paid to avoid any late fees.
Statement Date-This is the date they will REPORT to the credit bureaus. Why is this date so important?! Whatever balance is reported on this date is what they will report to the credit bureaus. Make sure your balances are LOW (3%-8%) about three days before the statement date. Remember, statements dates can change because they are on a cycle (29 day, 30 day etc. ). Be sure to check your statement for your current statement date