Does paying a credit card statement in two installments online hurt my credit rating?
by Author on Tuesday, August 31st, 2010 | 5 Comments
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As long as you pay at least the minimum payment before the due date, you will be reported as "on time" to the credit bureau. If the second installment is after the due date, you will have to pay interest on your next statement. To avoid paying interest, you have to pay the whole balance before the due date.
pay before the grace and your fine, so two installemtns is fine!
you can call them and tell them that is what yuo are doing and they love that! they can wave fees first time if you are late too.
just talk to them!
You have to pay the minimum payment before the due date.
Is the minimum payment $600 or is the balance $600. It is hard to tell from your comments above. If the minimum payment is $600 then you will need to make both payments by the due date to avoid a late payment being reported to the credit bureau.
since both payments are made before the due date you will not be charged a late fee, and even if you only paid the 150 payment it would be enough to cover the minnimum