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Do You Pay More Than the Minimum on Your Credit Card?

One of the components of a high credit score is paying your monthly bill on time. Delinquent payments ding your score, so at the very least you need to pay the minimum to prevent your score from sliding. Ideally, you're not carrying a balance at all, but if you are make it your goal to pay it off and free yourself of debt.


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kendallina kendallina 8 years
Oh, I forgot to add that I always pay more the minimum. I usually add $50 or $75 to the minimum owed.
kendallina kendallina 8 years
I was paying off my entire balance every month until I moved to a new city last year. I think part of my spending was emotional, trying to adjust to a new place, new job, new school, etc. and part of it was to stock my apartment with furniture. Now, I carry balances on two cards and am desperately trying to pay them off.
nals33 nals33 8 years
I pay on one of my CC's twice a month [once out of each paycheck..] &the other two, once a month but always more than the minimum amount. I'm giving myself until October to pay off and close out atleast two out of three cards. I hope I reach my goal!
paramita paramita 8 years
I usually pay them full, until I have to move town to start a new job. Moving and looking for apartments costs quite a lot of money and the job start was delayed. So I ended up having to use credits and couldn't pay it full. Starting this month when I got my salary I will pay all I can!!
ktownpolarbear ktownpolarbear 8 years
i always pay at least the minimum, but i try to pay more than the minimum though. although, since i owe the credit card tons of money, i should prolly be giving them my entire paycheck.
bsglrok132 bsglrok132 8 years
I've always paid it off in full. I only use the credit card because I earn air miles.
jennythereader jennythereader 8 years
I don't have a credit card anymore. Haven't in... 8 years? About that long.
graduatedsqueaks graduatedsqueaks 8 years
I pay the entire amount every month.
phatE phatE 8 years
Pay well over the minimum but unfortunately my living expenses are ridiculous right now, and I am not making a dent :(
sugoionna09 sugoionna09 8 years
I try to pay the entire statement amount. if not then I pay at least a hundred dollars more than the minimum.
Knight-Who-Says-Ni Knight-Who-Says-Ni 8 years
I use my credit card for just about all my expenses, and I pay it in full every month. Absolutely no exceptions. Credit card companies are brutal when you carry a balance.
lawchick lawchick 8 years
Paid mine off and got rid of it! I have enough debt with my house and school loans!
uptown_girl uptown_girl 8 years
My bill gets paid in full EVERYTIME!
TsuKata TsuKata 8 years
I only use credit cards for the purpose of gaining the rewards. (If someone is offering me even a half a percent of cash back, why would I not use it?) I pay them off every month. To me, it's the same as spending cash. It's just cash that gives me stuff in return.
Berlin Berlin 8 years
I pay it off at the end of every month, just makes sense to me! I only use it to gain credit, otherwise I'd do everything cash, so this is just an extra boost.
Silliness79 Silliness79 8 years
I've got a VISA with a HUGE balance. I recently got a second job that pays me every Friday so I'm making payments with that paycheck plus an extra $20 every week. I hope to be debt free someday!
bleached bleached 8 years
Pay off the entire balance in full and on time each month. I see it as a very short term loan and I try never to spend more than I can actually afford.
Ryot Ryot 8 years
I pay it off in full every month, on time. Which really helped when things got hectic last month for both my husband and I, and the credit card bill got lost in the shuffle. Our CC company called us, because they knew we paid it off every month. We had a small late fee to pay anyway, but dealing with the company was much nicer because we do always always pay it off.
GlowingMoon GlowingMoon 8 years
I pay it off every month, too. It's an interest-free loan, and I receive a credit rebate. They end up paying me! :)
CoralAmber CoralAmber 8 years
I always pay it off in full. If I can't afford it, then I don't buy it.
Megatron Megatron 8 years
I paid my one credit card off when I went to university. Now it is for school-related expenses only. I pay more than the minimum payment when I have the money.
gigill gigill 8 years
I try to pay it off in full but for these next few months it might not be possible. I try to pay off as much as I can!
tee0206 tee0206 8 years
I always try to pay above the minimum.
MartiniLush MartiniLush 8 years
I also pay in full every month.
mlen mlen 8 years
on most cards i pay it in full- i have one card with some debt but i still pay more than the minimum and i should be out of debt soon
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