When is the best time to pay off your credit card to boost your credit score? I’m thinking of changing the due date on all my cards to the 5th of each month. Apologies if this has been asked before

like
Posting as :
works at
You are currently posting as works at

There’s no way that that would matter.

like

No chance that does anything meaningful, or even anything at all

like

Pay off every week. Keep your utilization low, and your spending in check!

like

😳🫣

Look on your credit report to see when it’s actually reported. Due date and even statement date won’t help you time what your report shows.
Reported date is your little life hack.

Just set your cards to auto pay the balance every month when due. Set it and forget it. It won’t impact your score at all, other than that it will reflect no balance outstanding on those cards.

I usually pay it twice a month.. if I can’t twice a month for some reason… I pay it a week before it’s due date.
It has helped my credit score improve a few points over the years.

Paying off the balance before the close date and not the due date is the key. This way your utilization stays at zero

True but if you don’t have a lot of background yet this is going to make you not qualify based on the lack of history. Not applicable once you get a big loan on your record but maybe in your early 20s

Pay off statement balance every month. Credit score will jump a few points.

Related Posts

Any investment ideas outside of the stock market? Considering farmland but wondering about other options

like

Is now a good time to buy a house in Austin? I’ve been casually looking all summer expecting prices to come down but they haven’t moved much even with recent rate hikes. Do you think 2023 will be better for buyers?

like
likehelpful

Chase Sapphire Reserve is not able to book a ticket for me on Air India because the flight is not showing up on their system. The flights shows up everywhere else including on Expedia, which powers Chase’s portal. Anyone had similar experience?

like

Have y’all ever switched to a later flight for travel vouchers? If so what’s your cutoff $ amount?

like

How does one become United Global Service?

like

When, if ever, do you add “Esq.” to your name outside of work?

I’m currently in a minor dispute with a company over a credit card overcharge and am wondering if I should have added “Esq.” to my signature in my complaint email lol.

likefunny

Hello guys, can anyone please suggest how can i bring down the tax in the given CTC.
P.S : All allowances which i am not claiming will add up to special allowance which is taxable. No gratuity or insurance premium will be deducted from this CTC

Post Photo
like

Has anyone tried to sell miles or points through one a site. I have a family member looking to do it and I had never looked into. Any experiences? Pros cons

like

Looking for referrals in London/UK. Currently I don't have work permit and would need company sponsored visa. 5+ years of experience in IT, present location is India, any help would be greatly appreciated.

like
like

What Deloitte approved BDIP brokerage provides the most margin (leverage) for trading?

like

I am a new investor. Started with Parag Parikh and Tata MFs and LIC IPO.

1. I see that both my MFs are in red - I started investing in Jan. Should I consider adding other MFs? Should I reconsider these 2?
2. Please suggest good tax saving MFs.
3. LIC listing gains and further performance is horrible. How much of gain I can look forward to in another 5yrs?

Thanks in advance!

like

Hi, Ive been working for 5 yrs now , but haven't made any investment or bought asset as such, no savings except the ppf. Please guide

like

Considering adding a REIT index to my lazy portfolio allocation for my 401K and Roth Accounts. Thoughts?

like

Off topic:
Any one aware whether global skill strategy visa is still working for intra company transfer?

Asking cuz my org has committed the same however the immigration consultant is saying it would take 42 weeks and GSS visa is scrapped.

like

Have roth ira account with fidelity which doesn't allow me to buy crypto coins. What other platform can I roll it over to for investing in crypto

like

FYI Amex offer for Allen Edmonds. Spend $300 get $90

like

Is it kind of crazy that Canada doesn’t have a price history for their properties

likehelpful

More Posts

Has anyone had their Tax LLM paid for by the federal government? Or any thoughts on how to reduce the sticker price of a Tax LLM from NYU or Georgetown?

like

I will be joining Nokia in third week of Jan. What will be the yearly bonus cycle for FY 2022-23? Will I be eligible for yearly bonus if I join in Jan (on pro-rata basis)

like

How enforceable is a non-compete moving from industry health IT company to big 4?

like

@Ifisys Software and Service Pvt. Ltd.

Post Photo
like

How is Macquarie as an organization? How is manager post here ?

like

What’s the record for fastest PA -> Industry boomerang? Share stories

like

How do you feel about egg salad/tuna in the audit room?

like

At what point are you too specialized to lateral to internal audit? (PA, consulting, or industry roles) Currently have 2 years of external audit experience and 2 years of forensics: I always thought of internal audit as a decent exit but I’m beginning to get worried about getting too specialized to make that move one day

like

How to look about for opportunities for Acca candidate who has 3y experience in external audit ? Looking for suggestions ! Thanks

funny

I am planning to buy a car. Is there any corporate discount at Citi (CSIPL) for that ?

like

Hello, are there any holidays in October/November?.

Any body got retention offer from LTI?

like

Urgent openings in LTI!!
Dm for referrals,

Post Photo

Hi Fishes

Posting on behalf of a friend.

She has done BCOM and is looking for a job in Accounting in Pune.


Any organization will do as long as she gets to explore accounting or finance.

Please help by providing an helping hand

like

Has anyone here received The SAM Implementer certification through ServiceNow? I was easily able to get the Admin cert but am having a difficult time with this exam.

helpful

I need guidance - was able to sell work through relationship. All I have is my LLC and a bank account. No infrastructure, no HR set up, no legal document. Who should I reach out to get help?

like

How much to expect for home office set up for a 100% remote job? I want to shop for good screens and accessories. High tech sales based out of Canada.

like

Anyone heard anything or have some advice about someone breaking into tech sales with no degree? I have a family member that is really struggling to get by working retail and I’m trying to help him pivot into a career he is interested that I think will get him to a live-able wage if he’s patient. Any advice or point into potential companies would be greatly appreciated!

like

Are any of the firms hiring for part time/primarily remote tax professionals? Is anyone aware of industry positions like this? I moved to industry a year ago but am realizing I’d really like to be 20-25 hours per week and WFH as frequently as possible. 10 years experience in primarily federal income tax/asc 740

like

Anyone looking for positions within life sciences consulting focused on commercial and development strategy projects? My firm is hiring and I can discuss more details offline.

like

Additional Posts in Personal Investment Chatter

Thoughts on more aggressively paying down mortgage vs investing? I don’t have any real debt outside my mortgage & currently have 180k in my 401k, insurance policy & invest in a 529 for my daughter’s

like

Just downloaded Robinhood on my phone and going to learn investing with small amounts. What are some resources to read and make informed decisions? How many $s should a complete noob start with ?

like

I have $100K liquid cash over and above maxing out 401K, HSA, College fund, investments in Index funds and emergency fund. I plan to leave $25K for contingency. Of the $75K is it wise if I purchase I bonds worth $30K (myself, spouse, kid)? Current combined rate is 9.62 Does anyone foresee the interest rate drastically reducing? I don’t intend to cash them out before 5 years.

I’m 26 and have ~40k sitting in my savings account. Annual income 140k. Maxing out 401k. No debt. Planning to invest 25k but don’t know where to start. Should I get a wealth manager? What is the best way to approach this?

like

SCARED MONEY DONT MAKE MONEY. BUY NOK 🚀🚀🚀🚀🚀

like

Does anyone invest in crypto ICOs? Based in US, looking for a good platform to invest through

I’ve been using CoinList, but lately all their ICOs exclude US - so maybe we just don’t have many available to us anymore

like

What is the best way to get euros out without fees and at the actual exchange rate? Is it best to use an ATM at the destination or is there a better alternative?

like

Shocked that Tesla is under $700 and Apple under $140. If you’re going to be in the market for at least the next 20+ years, these are steals at these prices aren’t they?

likefunny

Moving from Canada to the US. Anyone have recommendations on best credit cards to apply for to start building credit and that either leverage Canadian credit or don’t require credit? Have heard Amex and RBC (and a few other larger banks) seem most straightforward but open to ideas.

Should I buy Everi stock?!

like

If I make $120k base and have 50k for down payment, what should the house price be?

likehelpful

So if I short a position in my rollover Ira- and buy different stocks. I won’t pay taxes on it?

like

I’m 30 and my spouse and I want to save a million dollars in 15 years by age 45. I figured 1,000,000/15=66,666/yr need to save. To get to 66,666/yr, need to contribute:
-401k at 19500k x 2
-Roth IRA at 6000 x 2
-remaining $7833 x 2 in a brokerage account

Does this look good? Am I missing something? With discipline 2 people can save 1 million in 15 years?

likeuplifting

As a US resident, (how) can you buy stocks on international exchanges (like Hong Kong, Bombay)?

like

Just passed $1m net worth and thinking about umbrella insurance. Any recs for carriers/strategy?

like

<$10 stocks to buy now ?

like

My company just announced that they will stop matching for the 401K until 2021 (sigh). Do you think I should lower my investment percentage to get more liquid assets that I can use for buying an investment property at the end of the year and extra funds available for school as I return for masters? Or is there a better way to get returns?

likesmart

Any good non-tech stock buys?

like

Looking to sale majority of my holdings in next bear market rally. Does folks who do tech analysis think we have started one from Friday. Want to sale as much before we get another brutal sale-off before mid terms.

like

Pre-approved for a home but the rate lock expired and now we have to re apply. My husband lets me know his credit score dropped 111 points because of credit card utilization. Even if we get it below 30% ( which we can) not sure it will quickly reflect. I also added him as an authorized user on a high limit credit card I have. Any other suggestions besides trading him in lbs

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal