LogFAQs > #964510915

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Topic	Why do people stress that you have to pay off an Amex at the end of each month?
captpackrat 04/23/22 2:21:48 PM #8:	I used to have an Amex, and although I paid it off every month, it wasn't required. You just had to pay usurious interest rates if you didn't. I pay off my current credit cards several times a month, that way my statement balance is as low as possible, and that is what gets reflected in your credit score. If the amount you owe on your bill is a large percentage of your available credit, it will negatively affect your credit score. https://gamefaqs.gamespot.com/a/user_image/2/8/8/AAQwHjAADKdo.png --- Minutus cantorum, minutus balorum, Minutus carborata descendum pantorum. <cite>captpackrat posted [p:964510915] in Why do peo... [t:79995569]...</cite> <quote>I used to have an Amex, and although I paid it off every month, it wasn't required. You just had to pay usurious interest rates if you didn't. I pay off my current credit cards several times a month, that way my statement balance is as low as possible, and that is what gets reflected in your credit score. If the amount you owe on your bill is a large percentage of your available credit, it will negatively affect your credit score. https://gamefaqs.gamespot.com/a/user_image/2/8/8/AAQwHjAADKdo.png --- Minutus cantorum, minutus balorum, Minutus carborata descendum pantorum.</quote> ... Copied to Clipboard!
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