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Hey! Will it negatively affect my score, to allow my balances to increase, then pay them off?
I have a term of 0.0 on a credit card.. will it hurt me in the long run?

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To me? Your question is really two-folds, one is how your credit card usage might affect your score in the long run? of course your credit card company like to see you use it as much as possible, they would love it more, if you carry balance so they can make money off you (please don't do that) and usage might determine how much, if any, credit limit increase you receive down the road and possibly affect the limit you receive on new cards you apply later, Tho it might be small but usage and credit limits do have affect on your score and to your overall credit profile..........

Two is how your usage might affect your credit score at any given months? that would be depending on what your account shows on the very date is being reported to the credit bureaus,... Example, if it's reported on the 15th of every month, then if you max your card on 16th, but pay it off on 14th of next month? It won't affect your score one single bit, because credit bureaus only see whatever on your account on the 15th... However, if you max your card on 14th? Then it will affect your score greatly, even if you paid it off two days later on 16th, because the new balance won't be reported till 15th of next month, but then again, it won't matter what your score is, if you aren't app for anything before the 15th, because no one going to pull your report/score till you apply.

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30% of your score is based on

The ratio of amount of available credit to the balances that you maintain.  So if you have $10,000. of available credit (Total of the credit limits of all cards in your name) you want to keep the balances of all your cards below $3,000.  You can go above that of course, and you will see your score drop accordingly, The real negitive effects will be in reates that are available to you in new loans, some credit cards and insurance rates that all based on your credit score.

If you want to take advantage of that 0% card, you can run up that balance up on some larger purchases as long as you can pay them off before that 0% offer expires. Just don't do that if you expect to be applying for a new loan or credit card any time soon. My rule of thumb is to be below 20% of available credit and a score above 720 when ever you apply for new credit. Then you won't ever be denied.  Scores above 720 will get you lower APRs and higher limits.

Good Luck

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