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Topic	do you pay your credit card balances off as soon as you accumulate them?
bkkorps 04/23/20 7:33:11 AM #11:	no, because i am not bad at handling my money. vigorm0rtis posted... Not if you're trying to build your credit rating. I keep between 5-7% of my credit limit on one credit card for that purpose. if you are talking about carrying a small balance (and thus paying interest), then you are absolutely doing it wrong. you should never intentionally pay interest solely to raise your credit score. if you are talking about utilization, then you are still wrong. any non-zero utilization is what matters. you want to keep the number low, but there is no reason to keep a 5% utilization vs a 3% utilization. --- Minnesota is like having sex in The Boundary Waters. **ing close to Canada. <cite>bkkorps posted [p:937928152] in do you pay... [t:78615822]...</cite> <quote>no, because i am not bad at handling my money. vigorm0rtis posted... </cite> <quote>Not if you're trying to build your credit rating. I keep between 5-7% of my credit limit on one credit card for that purpose.</quote> if you are talking about carrying a small balance (and thus paying interest), then you are absolutely doing it wrong. you should never intentionally pay interest solely to raise your credit score. if you are talking about utilization, then you are still wrong. any non-zero utilization is what matters. you want to keep the number low, but there is no reason to keep a 5% utilization vs a 3% utilization. --- Minnesota is like having sex in The Boundary Waters. **ing close to Canada.</quote> ... Copied to Clipboard!
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