If you’re like me, you enjoy spending all your money using a credit card (bonus miles, reward points, easier to track, etc.). But, when month-end comes and you spent $1,200 of your $1,800 limit it’s going to look really bad on your credit score (because you’re using a lot of credit). Since I’m paid twice a month I pay my bill twice a month. In other words, pay off your balance half-way through the month to keep your final balance low. Plus, it helps remind your checking account that you are indeed spending real money.
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Great tip, thanks!
1200, devin? What exactly have you been buying…
My CC bill last month was $7.56.. yes, I am a big spender.
I’m heading to europe this summer though, so not sure how the bill will look then!
Mike