Is it better to pay in full each month or 50% of the bill each month?

Question

Hey everybody here is my question: I have just been approved for a small business credit card, and i need to spend about $4,000 in office expenses as part of our startup costs. Is it best to pay this in full in the first month?
Or should i pay say $2,000 the first month, $1,000 the 2nd, $500 the 3rd etc etc, so it builds my credit?

Answer 1

Make several payments to build your credit history and remember to NEVER be late with a payment.
:-)~

Answer 2

if you want to build your credit...then you need to show a payment history for at least 12-24 mos. You can pay off that amount anytime you want but I would at least spend $25 each month to show that you are paying something on time each month. Getting a credit card and paying it off right away will not build anything.

Answer 3

It depends on what your aim is, if you want to build your credit up then yes make monthly payments.
On the other hand if your trying to avoid that high interest then yes pay it off in full the first month.

Answer 4

In my experience with personal credit cards, its best to keep one fourth, to half of your credit limit used. Make the minimum payment, or maybe a little more each month.

Answer 5

Definitely leave a balance on the card for at least 2 years. Pay the majority of it down then continue to use to keep it current. $10 a month will keep it current.

Answer 6

Build your credit. Pay about $1000 each month. But keep using it. Even if you have cash keep about $1000 limit on it if you can.

Answer 7

To establish credit you should pay your designated monthly payment, no more or no less. Of course, it is more beneficial to pay off the balance sooner (less interest), but the creditors don't like it and it doesn't help when trying to establish credit..

Answer 8

Build your credit a bit.

Answer 9

IN PART!!!!

You want the number of months reviewed to be as large as possible to help with the FICO score.