What happens if you pay off your credit card early?

+1 vote
asked Mar 8, 2018 in Credit by stsoob (410 points)
What happens if you pay off your credit card early?

1 Answer

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answered Mar 9, 2018 by Larry S (42,350 points)
Paying your credit card bill too early can result in your next payment being considered late and that could get reported on your credit report as a late payment.

It's always better to wait until the credit card company issue's your credit card bill and then pay the bill before the due date which will avoid late charges and prevent your credit card account from being reported as having a late payment.

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