When Building Credit, Is It Better To...
By theVacuous1
@theVacuous1 (253)
United States
December 20, 2007 10:06am CST
Pay it all of on time so there is a zero balance for the next month.
or
Pay off the balance a little bit at a time while paying more than the minimum and on time. (Or even early.)
I have heard both equally as often and don't know which to do. What has been you experience with credit cards and which is your opinion of the two options above?
1 response
@carol_m (709)
• Philippines
21 Dec 07
To avoid incurring finance charges, I always make sure that I would pay the full amount on or before the due date. But watch out, there are some card companies that gives finance charge if you pay on the due date (since payment is to be posted to your account 2-3 days after). Paying off the dues a little bit at a time is also advisable but make sure to pay all of it before the due date, to avoid finance charge.
@theVacuous1 (253)
• United States
21 Dec 07
Thanks for the help. I should be getting my card in a couple of days and want to get a lot of advise and general knowledge in before I use it the first time.
