I have the Citi Double 2% credit card which I use for most of my spending. My question is regarding making the most of the 2% back. I know that there are different ways to receive the reward. If you do a statement credit, you end up getting not quite the 2% back you would get if you transferred the reward to your checking account (which is what I do).
So my question is about paying off the credit card. Since I use the card so much I still have a balance before my due date, even though I've paid off the statement from the previous month before the due date (I do all of this online, btw). Since I can log in at any time to pay off any additional balance that gets accumulated, does paying it off super early or super late (but within the due date for it) affect my rewards calculation?
Not sure I'm being clear..but I'll try to explain:
The reason I'm asking is that I've already paid off my statement so when I login it says no amount due, even though there is a balance (accumulated after I paid off the amount due). So does paying off that balance during this billing cycle affect the rewards at all? What if I left it and paid it next month, after the electronic statement comes out (obviously by the due date for that balance)?
If it has no effect, I don't mind waiting until later to pay it, I just want to pay off the balance each month (either what's due per the statement or the true, total balance) in the way that optimizes my rewards.
Thanks.