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Like most financial institutions, Citibank records the payment activity for the about three significant credit agencies—Experian, Equifax and you may TransUnion—typically in the personal of each and every month-to-month asking duration. If you would like decrease your credit card balances before they’re also stated to the credit reporting agencies, consider using the Citi card through to the report closure go out. A top APY isn’t needed; although not, it helps you create your savings account harmony over the years.

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