Utilization & Payments
Balances, statements, and timing.
What is utilization?
The % of revolving credit you are using. Aim for single digits when statements close.
When is the best time to pay my card?
Pay before the statement date to lower the reported balance; then pay the rest by the due date to avoid interest.
Should I keep a small balance?
No. You do not need to carry a balance to build credit. On‑time payments + low utilization are enough.
Do mid‑cycle payments help?
Yes. If you spent a lot this month, a mid‑cycle payment lowers the balance that will be reported.
Can I move my due date?
Most issuers allow it. Align due dates with your payday to avoid late marks.
What counts as late?
30 days past due is when a late payment may be reported. Use autopay for minimums to avoid it.
What’s a statement vs due date?
Statement date: snapshot that gets reported. Due date: when at least the minimum must be paid to avoid late fees/interest.
How many cards should I have?
There’s no universal number. Start with 1–2 you can manage well. More cards can increase total limit (lowering utilization) if managed responsibly.