I paid off the Marriott card with DF's money. Our cycle closes on Friday, and I wanted to charge all the wedding deposits which we're paying on Thursday. Should I just pay it off immediately even before it actually posts since I don't want it to reflect in the statement. DF is considering a car purchase at the end of the year, and since this reflects on his credit as well, I'd like to start showing minimal utilization.
Paid Marriott CC and question about statement closing
October 19th, 2015 at 04:31 pm
October 19th, 2015 at 04:38 pm 1445269117
Is there any reason the deposits need to be made Thursday? If you make them Friday it will give you more leeway. The thing about doing it the day before is who knows when the charges will show up, and how long it takes them to process a payment, etc. Even if you are set on taking it care of and paying it off ASAP (which is all good) it may be cleaner just to do it Friday.
October 19th, 2015 at 05:27 pm 1445272050
October 19th, 2015 at 06:10 pm 1445274659
October 19th, 2015 at 06:40 pm 1445276417
October 19th, 2015 at 06:47 pm 1445276840
The problem with waiting for the payments to post is it will probably be too late to make the payment before the closing. But if you can't pre-pay, then maybe this is not the month to worry about utilization. There is always next month.
October 19th, 2015 at 07:51 pm 1445280692
Lots of cards will not accept payment without at least a pending balance. Some won't accept the payment until the charge is no longer pending.
October 20th, 2015 at 02:18 pm 1445347115
October 24th, 2015 at 06:16 pm 1445706993
http://www.moneytalksnews.com/credit-card-users-suffer-fatigue-from-the-rewards-game/?utm_source=newsletter&utm_campaign=email-2015-10-24-am&utm_medium=email