Author Topic: Misc Credit Card Questions  (Read 1866286 times)

Offline tzifanya54

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Re: Misc Credit Card Questions
« Reply #800 on: October 18, 2015, 01:13:56 PM »
I don't recall which banks . Is there any specific reason you keep them open ?
Chase, after 24 months of no activity.

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #801 on: October 18, 2015, 02:59:27 PM »
Q: Dan writes to pay down whole balance except $1 each month before statement closes. I try to do that but it doesn't work cuz pending charges get cleared after I pay even if I pay the day before it closes. How do you guys do that? Also- Dan says to leave $1 to show activity. If I keep leaving $1 how does that show activity. It would seem to the credit bureaus that it's the same dollar each time. No? Any clarification would be greatly appreciated. Thanks ;)

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Re: Misc Credit Card Questions
« Reply #802 on: October 18, 2015, 03:03:40 PM »
Q: Dan writes to pay down whole balance except $1 each month before statement closes. I try to do that but it doesn't work cuz pending charges get cleared after I pay even if I pay the day before it closes. How do you guys do that? Also- Dan says to leave $1 to show activity. If I keep leaving $1 how does that show activity. It would seem to the credit bureaus that it's the same dollar each time. No? Any clarification would be greatly appreciated. Thanks ;)
If $1 doesn't work try $2 or $5. How could it be the same dollar if you paid it back last month ?

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #803 on: October 18, 2015, 03:26:33 PM »
By doesn't work I meant it ends up closing with balance more than $1 and if j pay too much it'll be negative. Maybe it's the same $1 and CC company doesn't make me pay it down. Isn't that possible??

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #804 on: October 18, 2015, 03:27:02 PM »
If $1 doesn't work try $2 or $5. How could it be the same dollar if you paid it back last month ?
By doesn't work I meant it ends up closing with balance more than $1 and if j pay too much it'll be negative. Maybe it's the same $1 and CC company doesn't make me pay it down. Isn't that possible??

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Re: Misc Credit Card Questions
« Reply #805 on: October 18, 2015, 03:30:27 PM »
If you only spent $1 your statement won't close with more than $1 balance.

Offline yochiek93

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Re: Misc Credit Card Questions
« Reply #806 on: October 18, 2015, 03:31:05 PM »
By doesn't work I meant it ends up closing with balance more than $1 and if j pay too much it'll be negative. Maybe it's the same $1 and CC company doesn't make me pay it down. Isn't that possible??
Pay after it clears before the statement  closes

Offline ydf

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Re: Misc Credit Card Questions
« Reply #807 on: October 18, 2015, 03:34:11 PM »
Q: Dan writes to pay down whole balance except $1 each month before statement closes. I try to do that but it doesn't work cuz pending charges get cleared after I pay even if I pay the day before it closes. How do you guys do that? Also- Dan says to leave $1 to show activity. If I keep leaving $1 how does that show activity. It would seem to the credit bureaus that it's the same dollar each time. No? Any clarification would be greatly appreciated. Thanks ;)
If $1 doesn't work try $2 or $5.
+1 I left once only $1 but I received my amex statement with a balance of $0 I looked in the credit summary and saw the $1 was credited do to "small balance write off purchase principle" (interesting) at least I have gained a solid $1  ;D

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #808 on: October 18, 2015, 06:00:07 PM »
Pay after it clears before the statement  closes

That could be a matter of hours. Items are constantly clearing and I don't know when the statement closes. I guess I just gotta do my best to pay whatever is cleared the night before it closes and hope there isn't too much that clears the next day before closing so that it shouldn't close with such a high balance. Agreed?

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #809 on: October 18, 2015, 06:01:13 PM »
+1 I left once only $1 but I received my amex statement with a balance of $0 I looked in the credit summary and saw the $1 was credited do to "small balance write off purchase principle" (interesting) at least I have gained a solid $1  ;D

I don't understand what that means but lucky you! ;)

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #810 on: October 18, 2015, 06:01:45 PM »
If you only spent $1 your statement won't close with more than $1 balance.

I'm talking about my main CC I constantly use..

Offline ydf

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Re: Misc Credit Card Questions
« Reply #811 on: October 18, 2015, 06:04:57 PM »
I don't understand what that means but lucky you! ;)
I dont either! Its kinda of that because it was only $1 balance they are writing it off... Something like that

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #812 on: October 18, 2015, 06:06:09 PM »
I dont either! Its kinda of that because it was only $1 balance they are writing it off... Something like that

Yeh that much I got. What you gonna spend all that extra money on? ;););)

Offline ydf

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Re: Misc Credit Card Questions
« Reply #813 on: October 18, 2015, 06:08:22 PM »
Yeh that much I got. What you gonna spend all that extra money on? ;););)
savings account ;D

Online TimT

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Re: Misc Credit Card Questions
« Reply #814 on: October 18, 2015, 06:14:18 PM »
Items are constantly clearing and I don't know when the statement closes.
You should be keeping track of that.
I guess I just gotta do my best to pay whatever is cleared the night before it closes and hope there isn't too much that clears the next day before closing so that it shouldn't close with such a high balance.
You don't wanna wait till the night before the statement closes to pay most of it off as it might not post till after the statement closes.

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Re: Misc Credit Card Questions
« Reply #815 on: October 18, 2015, 06:44:40 PM »
I'm talking about my main CC I constantly use..
If you spent $1,000 on that card, pay off $999 (or $995) several days, or even weeks, before the statement closes.

Offline yochiek93

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Re: Misc Credit Card Questions
« Reply #816 on: October 18, 2015, 06:44:52 PM »
That could be a matter of hours. Items are constantly clearing and I don't know when the statement closes. I guess I just gotta do my best to pay whatever is cleared the night before it closes and hope there isn't too much that clears the next day before closing so that it shouldn't close with such a high balance. Agreed?
Sounds good

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #817 on: October 18, 2015, 06:56:09 PM »
If you spent $1,000 on that card, pay off $999 (or $995) several days, or even weeks, before the statement closes.

My payments are considered paid from the date I submit it online, no? That's how it works with this card of myn but that might be because it's a Chase Freedom and I'm paying from my Chase checking... When I say i constantly use it I mean I'm using 2 days, 1 day, and the very day that the statement closes. I don't think it's possible to know what will clear. If I overpay the statement will close with a negative balance and I don't think that's good either...

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Re: Misc Credit Card Questions
« Reply #818 on: October 18, 2015, 07:11:44 PM »
When I say i constantly use it I mean I'm using 2 days, 1 day, and the very day that the statement closes.
You always need to use it the day its closing ? I'm a little confused there.
My payments are considered paid from the date I submit it online, no?
Might be considered paid but no guarantee that it posts before closing date.

Offline nw6158

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Re: Misc Credit Card Questions
« Reply #819 on: October 18, 2015, 07:13:39 PM »
You always need to use it the day its closing ? I'm a little confused there.Might be considered paid but no guarantee that it posts before closing date.

You're saying I should have a differen card that I use from 2-3 days before it closes?