tntexan72 wrote:Depending on your banks. It's generally safe to say you want to "PIF" 3 days before the statement cut or the statement dued date. For example, say your statement is dued on 6/27/2011. You want to PIF on 6/24/2011 to bring the balance to ZERO. Don't use the CC til 6/28/2011 and allow your bank to report to the CBs that your balance is ZERO to show UTIL % of ZERO. And typically, Chase as an example will take 7 days after the statement cut to show on my CRs. Some banks will post immediately after the statement dued date therefore reflecting a day or two later on the CRs. Once the new balance UTIL % are reflected on your CRs, your score should update within 24hrs.
Is this technique the same for Amex charge cards? Pay it 3 days before the statement is due even though it says no balance dued? Then the statement balance will be zero, which is good right?