Member since: January 2012
Total Contributions: 1
When I got my 1st credit card I told my banker that I would be paying off my card within the week after my purchases in order to build a good credit score. She (my banker) advised me that, I should wait until after the bill comes out, then pay it off. The reason for this is that if I pay it off before the bill comes out, it registers as if I hadn't used the card at all, and you have to use your credit in order to prove your credit worthiness.
Comment Reply posted 4 months ago
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When I got my 1st credit card I told my banker that I would be paying off my card within the week after my purchases in order to build a good credit score. She (my banker) advised me that, I should wait until after the bill comes out, then pay it off. The reason for this is that if I pay it off before the bill comes out, it registers as if I hadn't used the card at all, and you have to use your credit in order to prove your credit worthiness.
Comment Reply posted 4 months ago