Pay half your balance or more by this date. Refer to the credit card statement to find the payment due date and the statement date.įor example: Your statement shows your minimum payment is due December 5. Billing cycles are typically around 30 days long, but keep in mind that these periods don’t always follow calendar months exactly. The 15/3 hack gets its name from the 15 and three days that are subtracted from the due date. Write down the date from step four and pay the remaining balance (including any new charges made) on that date.Subtract three days from your due date.Write down the date from step two and pay at least half of the balance due-not the minimum payment-on that date.Review your credit card statement and find the date that your minimum payment is due.5 Steps To Follow for the 15/3 Credit Card Hack The goal is to reduce your credit utilization rate and increase your credit score. Anyone can follow the 15/3 plan but it takes some personal management and discipline. The 15/3 credit card hack is a payment plan that involves making two payments during each billing cycle instead of only one. One potential way to help cardholders boost credit scores is called the 15/3 credit card hack. Cardholders can gain rewards by making purchases then paying them off to build good credit-which will help them when applying for things like auto loans or mortgages later in life. ![]() ![]() ![]() Credit cards come wrapped in financial responsibility.
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