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SortingItOut

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Will credit score go down if I take months to pay off an interest-free balance on a new credit card?
Is a purchase reported to credit rating agencies if it's made on a new card that offers 8 months interest free?

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Top Contributor
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Your score will go down with high(er) balance/utilization initially and your score will change accordingly to the balance show on your credit report at the time it was pulled. Longer for you to pay it down? The longer it takes to recover, but scores from utilization have no memories, therefore no long term ill effects from short term fluctuations. On top of that, if you aren't planing on apply for credit in that 8 months period, or however long to pay it off? Your credit scores don't matter much because no potential creditors going to see it.

Top Contributor
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Your credit card will report your balance and payment each month during the 8 month interest free period.

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