Credit Card Due Date vs Reporting Date
The biggest difference between the payment due date and the credit card reporting date is that your credit score is influenced by both!
The Credit Card due date is the date the day the payment is due for the previous billing cycle. Basically, the bank reports if you made your payment on time or not.
The Reporting date is the date the credit card company reports the current balance on that day. Even if you pay your statement balance in full, if you report a high balance on the reporting date, your score can still be negatively impacted.
This is why I recommend to pay your credit cards at least 2 times a month if you are new and or have low credit limits. This will help to make sure you didn't miss a payment and maintain nice low credit utilization.
Have any questions, please feel free to comment below or check out the online classroom of the 700 Credit Class.
www.700CreditClass.com