Unpopular opinion: Paying off your card in full every month is way better than just making the minimum payment

Did both for a year. My score jumped 40 points after six months of full payments. Anyone else see a big change after switching their payment strategy?

4 comments

4 Comments

jade_jenkins2mo ago

So that score jump is wild. But what about the people who say you need to carry a small balance to "show activity" and build credit faster? Is that total nonsense, or did you see any truth in it before you switched?

spencer7822mo ago

Yeah, that full payment thing is a game changer. It's not just about the score jump, it's about the interest you never have to pay. I used to think carrying a small balance was fine, but watching that interest add up every month is brutal. Switching to full payments basically gives you a raise because you stop giving that money to the bank for free.

kelly63825d ago

Total myth about needing to carry a balance. It's just the banks trying to make you pay interest. Paying in full is the only way to win.

keith9002mo ago

My first credit card bill taught me that lesson the hard way.