SPIFIMAN1
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What a bunch of bad answers.
As long as your balances are below 30% of your credit limit it actually makes no difference score wise weather you pay in full or carry a balance.
So, taking that into mind why would anyone pay interest?
This is what I do, I have 2 cards that I use for everything every month never exceed 30% of my credit limit and pay in full before the due date. I have done this for the last 24-months and my score has gone up over 150-points and I got over $300.00 cash back last year for using their money for free.
When you consider the float between your billing date and your due date, even when you pay in full there will always be a small balance that will show. |
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Jacob Miramontes
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Carrying a balance might please Visa, but it doesn't improve your credit score. |
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All you need to do is pay on time and don't carry a large balance. If you choose to pay off the entire bill that's fine, and it will save you the interest charges. The credit card companies don't like it when you pay the full balance since they won't make money off you, but they certainly can't "punish" you or report you as a poor credit risk for being a good payer. |
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Man_With_No_Name
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Paying off the entire bill. Really depends on your spending and debt history. |
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Melissa W
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Paying off your entire bill looks better for several reasons. 1.) it looks better if you have more credit available to you 2.) It does not look good to creditor it you are close to maxing out your credit card(s) 3.) shows that you can spend and pay large sums 4.) Appears from a creditors standpoint that you are willing and able to pay your debts.
Plus, do you really want to pay unnecessary interest? |
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Nini
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paying on time and making sure your balance is less than 30 percent of what's all available to you. (i.e. - your credit card has maximum available of 3000, so make sure you've used less than 30% of that and you pay more than the minimum balancem monthly). credit cards report monthly, whether its good or bad news. if you're close to the maximum balance it looks bad unless you pay it off every month. that looks great. |
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peaches
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i read that paying off the entire bill each month is the best route to go. |
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midimykeys
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Paying your balance in full every month will ensure the best credit possible. Partial/minimum payments indicate that you spent more than you can afford. |
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skiairplane
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for now paying each bill off at the end of the month, but with the new rules I have heard carrying a balance or two will be beneficial. who knows. the rating system can be flawed. |
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Mr. P
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If they are looking to make a profit out of you (which they are) then paying a set ammount monthly, and keeping a balance going is jucier to them than paying anything off completely.
Credit "tarts"are being singled out - and given poor ratings for jumping ship before 0% rates end.
So be a good citizen - and pay your interest charges for the best rates. |
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Monkeyandsheep
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you should pay the minimun at least, a bit over helps, since you're paying less interest, but keep a balance and don't clear it to "0" all the time. I've heard that works.
If I'm wrong I'll cut up my own cards. |
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Lucy
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some credit cards punish you for paying the entire balance in one chunk so make sure you check with your company to see what they do. and if they do try and get outta that credit card as soon as it is paid off.
not sure what any of it will do to your credit rating though. |
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heathersfarm13
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If you have no credit pay on it a few months then pay it off. If you have bad credit pay it off and close the account. |
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da_kouch
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Paying the bill off takes away the "credit" part of it. So its best to carry the balance while paying the minimums and so forth. |
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bad Bi**hs BABY
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i would think pay off one bill each month |
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Bridey
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carrying a balance. |
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akaash a
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u need both because carrying a balance without the bill is retarded |
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