Even though you have sent the Secured Credit Card an advance equal to your credit limit you still have to make the payment on time. If you are late with your payment to this card it will get reported to the credit bureaus as a Late Payment.
You have 21 days after the statement prints (this is the statement date) to make the payment. The mail will take a few days to get to you so from the day you receive the statement you will not have 21 days.
Do not wait to make payments on your credit cards. A friend of mine always waited until the last day to make her house payment and credit card payments. Then she was frantic to make it to the bank. Sometimes she forgot. Yup she ended up with bad credit.
Be sure the Secured card you get is reported to the credit bureau. If you get your secured card from your local Credit Union or one of the major banks like Chase, Wells Fargo, Capital One they will most likely report to the Credit Bureau. Ask them before you get the card to make sure. The goal of getting and using a Secured card for most people is to build credit.
The credit rule--Never Never make a payment late. The minimum payment will probably be about the price of lunch today---go without food if you must, never miss a payment.
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