- Centurion Member
- Posts: 388
- Joined: Thu Nov 21, 2013 1:13 pm
- Location: United States
No, balances are reported when your statement is delivered. Most companies then give you almost a month to pay the balance. It you've paid most of your balance down when the statement is cut you're then reporting lower utilization of credit than you actually had during that cycle.
Personally this is not something I do but I have a pristine file and high FICO so I'm not actively concerned with needing to raise my score.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).