Pay off card immediately after statement


I believe I already know the answer to this, but I just wanted to have it confirmed.

I like to pay off my credit cards as soon as the statement is created as it gives me a better overview of what I’ve spent in the current period.

I suppose it’s the statement balance that’s reported to CRAs, so as long as I wait to pay off the card till the statement is received my balances will be reported to the CRAs?

Thank you.



Source link