Did you know the timing of your credit card payments can make a big difference in your credit score?
Most people pay their credit card bill after it arrives, but here’s a smarter strategy: Pay before your statement date.
When you pay down your balance before the statement closes, your credit report shows a lower balance: exactly what lenders see when they check your score. This keeps your credit utilization low and helps your score stay high.
Pro tip: You don’t have to make one big payment. Making smaller payments throughout the month can also help keep your utilization in check.
Small changes in payment timing can lead to big improvements in your credit score!
