Originally Posted by
Smiley90
What? There is no interest on your utilization that gets reported as statement balance. Do you pre-pay your CC so your statement balance is 0 every time? You're just giving your CC provider a free 1 month loan that way. I just lay 25 days after my statement is due, and that's interest free.
Right - that's my point. You can either:
-pay before the bill cuts so that the issuer reports your utilization as zero
-pay at the last possible date and get a real utilization reported (bringing down your credit score) but keeping your cash in an account that earns interest all the way
I use to do the former when rates were basically zero, but now that I can earn interest, I do the latter. Poster before me is still doing the former.