Does paying off your credit card balance in full every month still build credit?
Yes, it builds the best type of credit history; "pays as agreed". The credit report does not say if you paid the entire balance or just a portion, it just says if you paid according to your credit card agreement. (at least the minimum and on time), and the largest amount loaned. If you pay in full every month, you don't pay interest, either.
by R T - 3 hours ago
yes it does never leave a balance
by golferwhoworks - 3 hours ago
As long as you pay the balance monthly, don't worry about the interest rate. Just write it down when you are expecting the statement, if you do not receive it for some reason, just pay it on line without the statement.
by ? - 3 hours ago
Carrying a balance doesn't build more credit than paying in full. It just means you waste money on interest. Keep using that card and paying in full every month. That's the best way to build a good payment history, avoid interest, and stay out of debt.
by bdancer222 - 3 hours ago
Yes this is the best way to build payment history and score quickly. Never carry a balance unless it's unavoidable, if you do never let it be over 30% of your credit limit and always pay on time.
by ? - 3 hours ago
Absolutely. You do NOT need to (and shouldn't) carry balances.
by kj566 - 3 hours ago
You want to pay off your balance and this you have done. That 17% interest rate seems high for such devotion. May I also suggest that you call the credit card company and negotiate a lower interest rate? Something that could happen (to let you know how good you are doing) is getting a letter that they have raised your credit limit. Do not let that throw you. Keep with the plan to spend only what you can pay back.
by Kay - 3 hours ago
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