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re: Paying off a credit card too soon?
Posted on 2/26/14 at 12:39 pm to Modern
Posted on 2/26/14 at 12:39 pm to Modern
Credit score wise, let it hit the statement (make a statement balance) and pay it fully by the due date to avoid the interest. If you pay it off before the statement, it will never be reported.
Keep your utilization (amount on your statement balance divided by your total credit) less than 20%.
Keep your utilization (amount on your statement balance divided by your total credit) less than 20%.
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