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When Should I Pay Off My Credit Card To Avoid Fees?
I have an AMEX credit card and was wondering when do you all pay off your cards?
Should I pay at the end of each month or wait for all the charges to clear?
I just don’t want to get dinged by any late payment fees or interest.
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5 Replies
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I pay twice a month.
2 days before the 15th and 2 days before the last day of the month.
I’ve found that keeps my score super high.
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By the due date noted on your statement.
Everyone’s date is different.
I changed all my dates to 1st of the month, so it is easier to remember.
Set up autopay!!!
Don’t pay finance charges.
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If you have the cash float it’s easiest for me to put everything on automatic payment and not worry about it.
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Statement due date.
Don’t waste your time paying off all balances before the statement hits just to avoid tiny credit score fluctuations, especially if you’re not in the market for a mortgage or other loan.
It’s pointless.
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I have autopay set up to pay my prior statement balance on the Due Date for all my cards.
That way my balances are reported to the credit services which shows utilization.
BTW I know a lot of people say pay everything before the statement closes but that shows zero utilization and thus the credit services have no way to see that you are responsibly paying your bills.
And for the doubters out there, my wife’s and my credit scores are in the 760-820 range month in and month out.
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