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11d • General discussion 🗣️
💳 CREDIT TIP: YOUR STATEMENT DATE MATTERS 👀
Paying your card by the due date helps you avoid being late — but the balance that gets reported to the credit bureaus may be based on your statement balance.
Example:
💳 Limit: $10,000
💰 Balance reported: $4,000
📊 Utilization: 40%
If you pay down the balance before the statement closes, a lower balance may be reported, which can mean lower reported utilization.
💡 Lesson: Don’t just know your due date. Know your statement closing date, too.
Be honest — did you already know the difference between the two? 👀
🔥 YES
🤯 NO — learned something today
Drop yours below! 👇
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💳 CREDIT TIP: YOUR STATEMENT DATE MATTERS 👀
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