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| Topic | Do you typically pay your full credit card balance? |
| BlameAnesthesia 06/22/18 4:14:16 PM #54: | ThyCorndog posted... yeah maybe it's not necessary but what's wrong with paying the full thing? sounds like it's "bad" because you don't really have to. but so what? You technically improve your credit score faster with some credit utilization over none. It's one of those things where if I don't suffer any penalties (i.e. no interest charged), I'm going to use it in the way to maximize my score. I use the term "bad" loosely. Obviously not having debt is good, but it's a superstitious practice. I won't fault them for it, but it's giving up every perk available to you. My credit let me finance my old leased car at 2%. 2% for a used car is absolutely insane. Even with good credit, 4.5-6% is more standard. But I utilize my card to maximize my credit score and not get charged interest. --- ... Copied to Clipboard! |
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