LogFAQs > #951134852

Here is how I understand it. Paying off more than your monthly is not helpful. So if your month ended with you owing $500 but at the current day you've used up $600 of your credit, only pay the $500.
If you aren't paying off your entire monthly then you are also hurting your credit by letting it linger. Also you are costing yourself more money since you are generating interest on the remainder. Outside of that, paying off your credit isn't as damaging as closing a credit card itself. I've read and listened to stories of people having their credit hit because they were benefit chasers and once they got benefits from having a card they would close it. The closing of a card hits your credit, I guess.

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