2006-10-23 06:54:26 · 13 answers · asked by mustang 1 in Business & Finance ➔ Credit
Pay it off each month - why pay interest!
2006-10-23 07:01:36 · answer #1 · answered by Lake Lover 6 · 0⤊ 0⤋
It is best to pay off credit cards every month if possible. It will save you a great deal of interest as well as contribute to a better credit history. Even if you don't pay the amount in full, make sure you make the payment ON TIME, or your credit report will be downgraded.
2006-10-23 07:03:37 · answer #2 · answered by susan c 2 · 0⤊ 0⤋
ofcourse it is much better to pay off your credit cards each month. Why carry a balance and pay interest fees and charges if u dont have to.
2006-10-24 16:02:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you can pay them off and still have money to live on, you ought to. Otherwise, you are just giving more money to the company due to finance charges. It doesn't really do any good to buy something on sale with a credit card if you end up paying a lot of finance charges.
2006-10-23 07:02:38 · answer #4 · answered by jboatright57 5 · 0⤊ 0⤋
Paying off your credit card each month is good, but it has a bad set back. The company doesn't make any money and eventually cancel your card.
So let it ride a month or two and then pay it off.
2006-10-23 07:02:27 · answer #5 · answered by Anonymous · 0⤊ 0⤋
if you carry a balance make sure it is below 20% of the card limit. otherwise you credit score does not reflect whether you pay in full or you carry a balance. it's all about making on time payments.
2006-10-23 06:59:41 · answer #6 · answered by bella_4624_19 4 · 0⤊ 0⤋
A good rule of thumb is to never charge more on your credit card than what you can payy off at the end of each month.
2006-10-23 07:14:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋
if you CAN pay the credit cards off every month you should, it will do great things for your credit rating
2006-10-23 06:59:02 · answer #8 · answered by LatterDaySaint and loving it 6 · 0⤊ 0⤋
This depends on what you want. Do you want a high credit score or cash in your pocket and better longterm savings?
Pay off your cc's and save what you're not spending in interest fees. Your older age will thank you for this.
2006-10-23 06:59:25 · answer #9 · answered by Michael Myklin 3 · 0⤊ 0⤋
If you can afford to pay them off, DO IT.
If not, find the best offers for balance transfers, and play musical debt to save money.
2006-10-23 15:34:50 · answer #10 · answered by crimethinker1984 2 · 0⤊ 0⤋
Pay off each month completely. That's best way.
2006-10-23 07:07:46 · answer #11 · answered by Maya 1 · 0⤊ 0⤋