Is it better to keep a balance on your credit card?

+1 vote
asked Jan 25, 2018 in Other-Finance by Trismus (230 points)
Is it better to keep a balance on your credit card?

1 Answer

0 votes
answered Jan 31, 2018 by Judy (56,120 points)
It's better to always have a paid off balance on your credit card which will help improve your credit score.

Carrying a balance on your credit card won't harm your credit but your credit rating will improve if you always pay off the balance you owe on your credit card in full.

Try to keep your credit card balance to a minimum and the more of the balance on your credit card you have paid off the better your credit rating will be since it shows you're good at paying off your credit card balances.

108,717 questions

117,703 answers

1,359 comments

7,058,500 users

...