Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
SamGavinSun

4 Contributions
5 People Helped
I always pay off credit cards early and always leave a zero banlance on statements, good or bad?
I'm just starting to become a credit card user and not very familiar with some of the common senses; I'm trying to boost up my credit score, so I pay off all of my balance before each cycle closes (almost instantly once they show up on my account), hense I always leave a zero balance on my statement.

I read some of articles from online says that keep the credit utilization low is good for my credit, that is essentially why am I doing this.

Now the question is, would the early payments that I make show up on my credit report and help with the payment history part of my credit score or will it remain unseen by the credit agencies? Does the only payment shows up on the credit report only reflects each month's statement balance or should it reflect all payments happend whether it is early payment or not?

Thanks for help!!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7363 Contributions
3809 People Helped

Please do not pasy before the statement comes in because that can actually hurt your credit score.  Wait until the statement is in, then pay the balance in full.  That way, your account will show you have used a card and that you pay on time.  You want to charge no more than 10% of the available credit within the billing cycle.  If you don't charge anything for a month or so, no big deal.

The closing date is the time when the credit card companies add up all the charges made in the billing cycle (since the last closing date) amd they also subtract all payments made, then the bill is generated and mailed.  The bill also has a due date which is when the payment is expected to be received.  You just want to make sure your payment will be in their hands no later than the "due" date. You should only have a zero balance if you have not made any purchases during the billing cycle. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.