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Topic	Do you typically pay your full credit card balance?
mattnd2007 06/22/18 6:07:14 PM #58:	BlameAnesthesia posted... Giant_Aspirin posted... when you put something on the card you're borrowing that money until you pay your balance. carrying over a balance has absolutely no advantage at all, from a credit score perspective. Also this. 0% APR cards are attractive for people who need it for a particular purpose. When I was applying to medical school after undergrad, I had to basically come up with several thousand dollars I didn't have for application costs, travel, etc. A 0% APR card was essentially a "free loan" to charge the expense up front and slowly pay it off over 18 months. I could swing $50 extra bucks a month at the time. Paying a few grand up front was harder. This made it so I didn't have to take an extra year off to just apply and not get charged interest. If you just have a card for the sake of having a card, the 0% APR doesn't really mean anything. Ok sounds good. Yeah I just got a card because I'm 29 and figured I should probably have one. I'm pretty responsible. Have a good amount of savings so I shouldn't ever really get in too much debt. I'm just using it to buy groceries and gas. Then pay it off. Or random purchases. Like maybe buy a switch game on it sometimes instead of on my debit card. --- Show me a man who resorts to violence and I'll show you a man who's run out of good ideas Phil Funnie <cite>mattnd2007 posted [p:903779573] in Do you typ... [t:76739751]...</cite> <quote><cite>BlameAnesthesia posted...</cite> <quote><cite>Giant_Aspirin posted...</cite> <quote>when you put something on the card you're borrowing that money until you pay your balance. carrying over a balance has absolutely no advantage at all, from a credit score perspective.</quote> Also this. 0% APR cards are attractive for people who need it for a particular purpose. When I was applying to medical school after undergrad, I had to basically come up with several thousand dollars I didn't have for application costs, travel, etc. A 0% APR card was essentially a "free loan" to charge the expense up front and slowly pay it off over 18 months. I could swing $50 extra bucks a month at the time. Paying a few grand up front was harder. This made it so I didn't have to take an extra year off to just apply and not get charged interest. If you just have a card for the sake of having a card, the 0% APR doesn't really mean anything.</quote> Ok sounds good. Yeah I just got a card because I'm 29 and figured I should probably have one. I'm pretty responsible. Have a good amount of savings so I shouldn't ever really get in too much debt. I'm just using it to buy groceries and gas. Then pay it off. Or random purchases. Like maybe buy a switch game on it sometimes instead of on my debit card. --- Show me a man who resorts to violence and I'll show you a man who's run out of good ideas Phil Funnie</quote> ... Copied to Clipboard!
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