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chevyman1280

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Is it good to use and payoff a secured credit card more then once a month?
I just got a new secured credit card with a balance of $300 right now. i used $222 the first month but paid it off right away. i know now that i need to keep it under 50%. My biggest question is if i can use it and pay it off more then once a month? Is that good or bad for my credit or does it just not help at all?

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I don't think it will have an effect

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The credit card companies only report to the credit bureaus once a month, so your interim charge-up and pay-off activities will be invisible. Paying more than once a month will free up your credit line for more use, but it depends on how long it takes your payment to be credited.

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