Don't Pay Your Credit Card on the Due Date

Not pay your credit card down on the due date? No, no, no. Pay your credit down three days before the statement date and wait until the statement posts. Why? Because a lot of people think that you pay down your credit cards when it's showing you the due date, but you end up paying on the due date and then after that you're using your credit card. Little do you know that the statement date is actually what's reported to the credit bureaus. And once you pay it down on the statement date, well, now or three days prior to the statement date and wait for it to post now, your credit score will drastically increase and keep your utilization low.