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 Cards
Profile Image

Question By
Srulil

0 Contributions
0 People Helped
Should I pay my statement amount even though there's no amount on my due date?
On my statement it says that my total is let's say $15 but on the due amount is $0.00, if I pay it will it help build my score or it needs to be a ballance on my card?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1134 People Helped

You should let one card report a small balance each month, less than 10% of the credit line. Then you can pay it off before the due date.

Top Contributor
36 Contributions
55 People Helped

TryingToUnderstand hit this one perfectly! Again! :) I will sometimes pay twice a month on some of my CC IF I know I spent more than 20% of my available credit so that my utilization stays within my self predetermined "parameters". I do this like so.....

as soon as I see the total amount on my card BUT before a due date is up, I will pay maybe half of the balance and then wait for it to be reported to the CRA...(this happens when there is a due date) and then pay the balance off. Hope this helps

Results 1-2 of 2Results 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.