Does Having Your Payment Pending For Your Credit Card Affect Your Credit Score?

1. Anonymous Says

   Paying as immediately after charging something is not helping build your credit at all. You may as well just use a debit card. Credit card companies only update to the credit bureaus once a month. It is likely that your account won’t show any utilization. You have to have some utilization to build credit.
   You are also missing out on one of the benefits of using a credit card — the interest free grace period between the purchase date and the statement due date if you pay the balance in full every month. Not to mention all the extra time spent making multiple payments.
   Use the card, WAIT FOR THE STATEMENT, and pay the balance in full. This will build your credit and avoid interest.
   You also don’t seem to understand the closing date. Transactions on your card before the closing date will appear on this month’s statement. Transactions after the closing date will appear on next months statement and won’t be due till that statement due date.

2. Troy Says

   This is not a late payment. When your statement cycle closes, you are then given a minimum amount to pay based on your balance and other factors, and a due date to pay the minimum by. If you pay off the statement balance (not the accruing balance) by the due date, then no finance charges will be assessed. If you pay past the due date then you’ll be assessed a late fee, but it won’t negatively affect your credit until you are at least 30 days late.
   Having a balance when the credit amount is reported will affect your credit score. Even if you pay off your card every month, try not to let your balance exceed 35% of your credit limit. Credit agencies don’t know or care that you pay off your card every month–they just care about the balance at the time it is reported to the agency. The balance reported is probably the “statement balance” but does not have to be. I think, the balance can be reported any time in the month.

3. Use Your Noodle Says

   Your credit is not being negatively impacted. Period.
   What you ARE doing wrong though, is charging items, and then racing to pay the balance before a statement is even generated. That is a mistake on your part if you are trying to build your credit score and file.
   What you need to do is, purchase things throughout the month, then, WAIT (sit on your darn hands if you have to!) until the credit card company sends you the statement! Then, pay the balance or whatever payment you were going to make. By paying it before they even generate a statement, your credit card usage is NOT being reported!

4. Bungalow Says

   I occasionally make a couple payments per month on mine. My card companies don’t care.
   It’s not going to hurt your credit whatsoever. I do, however, let a balance report on my cards sporadically. They don’t all show $0 balance every month, believe me.
   Most cards report to the 3 bureaus on your statement cut date. Leave a little balance showing on that date every couple months & you’ll be good to go.

5. John B Says

   It will not appear on your reports unless you are 30 days late but it will appear to your creditors as a slow pay. Now STOP paying that card off every time you use it. Use it for the month then when you get your ebill or snail mail bill pay it then.

6. stan c Says

   As long as it doesn’t go over 30 days, it will not do any harm to your credit.

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