I have a dilemma understanding how and when I should pay my credit balances. At the moment I am using two credit accounts, one is from BofA and the other is from Discover. I always keep paying the balance once the payments are posted or after a max 1 week. This month my FICO scores got impacted by multiple high balances.
So if I'm not wrong, the credit companies reported my balances within a period before I pay them. I never skipped a payment and I hardly see a payment due amount on any of my accounts.
What's the best way to deal with multiple credit cards?
More INFO, I have 3 cards, one of which I don't use and almost carry no balance. The credit lines are 5000,6500 and 700.
The max spending that I hand on both cards that I use is below 300$ combined.