Quote:
Originally Posted by boof
ouch is saying pay the entire balance right away to build credit
geno is saying make your full monthly payments to build credit
diode saying keeping a balance means you pay interest, which is true, but obviously anyone that uses their credit card for something is going to take time to pay it off, which obviously means paying some interest.
geno was not saying to extend your payments as long as possible, only to pay your payments to build credit as opposed to paying it all off right away which wouldn't build credit
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no. i and everyone else with a stable income using credit cards for their rewards and bonuses and pay them off in full every month. which raises your credit score considerably more than keeping a balance. the point of good credit is to show you can pay off your debts.
paying it off all right away is
exactly the best way to build credit.