The Cellar - View Single Post

11-02-2002, 10:41 AM

Syc can tell you more about this, but basically, it's better to keep money on your card - but have enough money that you could pay it off if you absolutely needed to. Your credit rating goes up quicker that way.

My credit advisor at my credit union told me the same thing, so... I didn't just hear it from one person.

I try to keep about a $500 balance on my card and make payments whenever I need to. My credit is going up, which is a good thing (and I've gotten two cell phones now without the ridiculous deposits most companies charge - anywhere from $200-$800, which you get back with no interest after the first year).

11-02-2002, 10:41 AM	#8
dave Guest Posts: n/a	Syc can tell you more about this, but basically, it's better to keep money on your card - but have enough money that you could pay it off if you absolutely needed to. Your credit rating goes up quicker that way. My credit advisor at my credit union told me the same thing, so... I didn't just hear it from one person. I try to keep about a $500 balance on my card and make payments whenever I need to. My credit is going up, which is a good thing (and I've gotten two cell phones now without the ridiculous deposits most companies charge - anywhere from $200-$800, which you get back with no interest after the first year).