how do they differentiate between those who carry balances and those who pay it off at the end of the month in full?
Because my credit score implies I carry my balance when in actuality I pay it off in full and then charge a ton more the next month. So at any given moment, I appear to have a large credit card debit when in actuality I just use the card to get points and cash back.
They can’t, so they don’t. That’s why these types of statistics are useless.
How do they factor in inflation? What about data smoothing? Was it done and how? Etc. etc. etc.
I don’t even wait for the statement to pay mine off. Most transactions post within 2 business days of a charge, so I’ll go on the app and pay the charges off as soon as they post. I’m still getting all the points/rewards, and the CC companies are reporting a zero balance to the credit bureaus. Win/win.