Tuffkat4050

1 Contributions 304 People Helped

Member Since: August 2011

Most Helpful Contribution

Credit card utilization and your credit score

Oct 05, 2014
Helpful to 304 out of 349 people

Leaving even a minimal amount of your balance unpaid results in paying interest on the entire balance for the most of the billing month and often the following month too, because your balance due is never zero-balanced. On balances that are not paid in full, interest accrues from the date of the charge until the charge is paid in full and all already billed (showing on a statement) charges are paid in full. Pay ALL of the billed balance due by the due date if possible. You will still show credit activity that builds your credit score but will pay ZERO interest. It's a bank's dream for you to pay all but $5!

Don't charge it if you can't pay in full by the billing due date!

Activity (1 Total Contributions)

Credit card utilization and your credit score

Oct 05, 2014
Helpful to 304 out of 349 people

Leaving even a minimal amount of your balance unpaid results in paying interest on the entire balance for the most of the billing month and often the following month too, because your balance due is never zero-balanced. On balances that are not paid in full, interest accrues from the date of the charge until the charge is paid in full and all already billed (showing on a statement) charges are paid in full. Pay ALL of the billed balance due by the due date if possible. You will still show credit activity that builds your credit score but will pay ZERO interest. It's a bank's dream for you to pay all but $5!

Don't charge it if you can't pay in full by the billing due date!