Remember, credit card companies are not your best friends. They are not interested in how you use your credit cards for excellent credit and how you manage to maintain and improve your credit score. They are just here to do business. This is why it is always advised never to take credit card transactions on a lighter note.
You also need to bear in mind that credit card companies would prefer somebody who is able to make prompt payments at the end of every month over someone who is unreliable and does not check in that one critical box. But some people prefer to pay over and above the minimum set amount when they see their credit card statement at the end of the month. This is entirely your discretion and you will also need to ascertain whether doing this is in your favor or not. At the end of the day, it is the policy of the credit card company that is going to affect your monthly balance and credit score.
Paying Your Bill In Full Every Month – When Should You Do It?
You know what the average American life looks like? Most of the people who are using credit cards end up in a credit card debt at some point of time. Most of these people think that paying up early is going to help but that is not the case. Whether you are using a credit card for excellent credit or any other regular financial instrument, it is advised to pay up the outstanding amount within the payment window stated by the credit card company only. Having said that never ever pay your bill late. Remember, that a missed payment is going to damage your credit score a lot. Paying off all your bills at the right time is also going to keep your interest rate low which is again very beneficial for your credit score. Remember to adjust your online account settings so that the amount of the bill gets paid automatically on a fixed date of the month preferably through a direct bank transfer.
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