Moving Balances Before Statement Close

QuestionsMoving Balances Before Statement Close
asked 3 years ago

This may be a silly/weird question but I have a lot of credit available on various different credit cards and they all offer balance transfers/direct deposits.

 

If I have a debt amount that I want to keep off of my credit report for a few months (and I don’t care about balance transfer fees), would it work to constantly move this debt from one card to the next so that the payment clears before it’s statement closing date. I would pay one card off  down to zero (before it’s statement closes) with another card that has a later closing date and then pay that one off before it’s closing date.

 

Would this method effectively “hide” the debt for a bit or do credit card companies ever do balance reports mid-month or before the statement closes?

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