Paying Late? It’s Too Late!

Paying your credit card on the due date is actually too late. Seriously, if you think you’re in the clear by hitting that deadline, you’re setting yourself up for a world of hurt. Most credit cards report your balance to credit bureaus a few days before the due date. So, if you’re only paying on the due date, you could be showing a higher balance than you think. This can tank your credit score and cost you tons in interest — we’re talking about an APR average of 20.5% on $6,580 in debt! Stop digging your own grave. Instead, pay off your balance at least a few days early. It’s a simple fix that can save you money and improve your credit score.