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re: Question about building credit with cards?
Posted on 4/17/15 at 5:40 pm to JonTheTigerFan
Posted on 4/17/15 at 5:40 pm to JonTheTigerFan
quote:
I tried different balances while monitoring my FICO score
Can't you only do this with 0%APR credit cards? Otherwise you'd be paying interest? Or am I reading that wrong?
2
Posted on 4/17/15 at 6:16 pm to castorinho
quote:
Can't you only do this with 0%APR credit cards? Otherwise you'd be paying interest? Or am I reading that wrong?
Provided the balance is all due to spending from the previous month, you aren't paying any interest at all unless you got a cash advance.
Posted on 4/17/15 at 6:23 pm to castorinho
At the time I just had 3 low limit cards so the interest was minimal. I was just trying to get my score as high as I could before I closed on the house.
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