Sentences with phrase «good carrying a balance on your credit card»

Not exact matches

Generally, if you have bad credit, it's not a good idea to carry any type of balance on a secured credit card.

Jason Hall: Many people think that it's good to carry a balance on your credit cards.

Well, I don't see any reason why you should choose to carry negative balance on your credit card.

Is it good to carry balance on your credit card?

However, if you are carrying credit card debt, the best way to save money may be transferring high interest debts to balance transfer credit cards and focus on paying these debts off before the baby arrives.

Well, I don't see any reason why you should choose to carry negative balance on your credit card.

On the other hand, another person may be carrying just $ 500 and that amount may no longer be considered as a good credit card balance.

If you're a consumer or business carrying a sizable balance on your existing credit cards, the best balance transfer 0 % intro APR credit card can be a good tool for reducing your interest and debt burden.

If you stop carrying a balance on your credit card, you should be in much better standing: debt - free with possibly higher credit scores.

If you plan on using credit cards and carrying a balance (not the best idea), it's time to figure out how you will pay for your balance.

While it's never a good idea to pay interest on debt just to get a tax benefit — since you can never receive a discount that will match the total cost of holding the debt itself — the truth is many small businesses need to carry over balances on their credit cards to keep running and, ideally, to grow.

Compare credit card APR to savings and investment yields: Investments are iffy these days, and deposit accounts are paying zilch; if you have credit card debt, paying it off can provide the best return on your money, as you're saving the APR amounts for each balance you're carrying.

So, if you have hundreds of thousands of dollars in student loans but you're not carrying a balance on your credit cards, your debt utilization percentage will be low, which is good for your credit score.

And if you're considering putting part of a semester's tuition on a credit card and carrying a balance, using a HELOC to manage short - term cash flow is a much better option.

For a long time, I have held the opinion that carrying a $ 0 balance on a credit card is always the best way to go.

However, on a credit card with a $ 1,000 credit limit then carrying a $ 10 balance is a good idea in order to receive the maximum points available.

Lately I have noticed a lot of confusion regarding whether or not it is best for a consumer to carry a balance on a credit card in order to receive a potential score boost from FICO.

If you're carrying a balance on a credit card that you aren't too happy with, consider some other cards that may offer better APR rates, at least for a certain period of time.

Now, based on the fact that you don't want to have more than a 1/3 of your credit card limit carried over to the next month, it's in your best interest to get your credit card balance down to that amount.

If you're in a situation where you're credit score is «average» but could be better, chances are that you're probably carrying too much balance on your credit cards.

It is true that higher limit credit cards can be a good sign to potential lenders; however, it can be an alarm if you are overextended and carry a balance on each of the accounts.

Store cards also aren't good for consumers who plan to carry a balance because the average APR on a store card is around 26 %, much higher than the 17 % average for regular credit cards.

Dear Cynthia, It's a common misconception that to build up a good credit history and score, you need to carry a balance on your credit card.

If you have a $ 3,000 credit limit, but never carry more than a small balance on the card, this should work fairly well at enhancing your credit score.

The best way to avoid paying interest on a credit card is to never carry a balance on that card in the first place.

In fact, it's okay to carry a $ 0 balance as the credit card issuer will generally report a good payment history on a monthly basis to the credit reporting agencies.

Some experts say it's good for your credit to carry a balance on your credit card — that is, not pay the bill off in full every month.

If you plan on carrying a balance on your credit card from one month to the next, your best bet is a card with a low interest rate.

A low interest rate credit card is a good thing to have if you habitually carry high balances on your credit cards from month to month.

Follow the basics of good credit card management: pay bills on time, don't carry more than 10 percent of the card limit over from month to month and preferably pay the balance off in full each month.

Because your debt won't incur interest for well over a year or two, you can make only the minimum payments without racking up interest charges, as you would when carrying a balance on a regular credit card.

There's no rule that says you must have a credit card to have good credit, and you certainly don't need to carry a balance on a credit card once you get it.

If you carry a balance on your credit card, there's a good chance the interest on your balance (after the introductory period) exceeds the $ 200 you'd earn in rewards value.

Carrying a balance on your credit card is never a good idea, but with such a high APR, it can be particularly costly.

LendingClub's loans are a particularly good fit for people who carry a balance on their credit cards or for those who have other types of long - term debt.

Well as we mentioned above, if you have more than one credit card carrying a balance, you will be incurring interest charges on each one, so it's time to move all of your balances in to one place.

You may not have success with all of your credit card issuers, but it doesn't hurt to ask, and if you have a long history of on - time payments and an account in good standing (which sometimes means you're carrying a balance on the card,) the credit card issuer will be willing to lower your interest rate a few points to keep you as a customer.

So if loaning money will result in carrying a balance on your credit card, this is NOT a good idea!

Because of the way credit scoring works, it's better to carry a $ 1,000 balance on a card with a $ 5,000 limit (20 % credit utilization) than to carry a $ 500 balance on a card with a $ 1,000 limit (50 % credit utilization).

the idea that your credit score will drop has little bearing on «how badly you will hurt» when your interest rates, as a good, and honest payer, are «jacked up» to the sky... and your rate goes from 8 % to 19.9 % or higher fulfilling the banks lust for more profits off your back and the backs of other good, long - time reliable customers... these immoral acts, taking our TARP money from the taxpayers are payback for «your loyalty»... your credit score will recover... paying «usuary rates» just to keep «their card» and now their fees just to have their card even though you carry no balance is blackmail... close their cards and never do business with them ever again... slime...

Don't do that under any circumstances, friends don't let friends carry balance on their credit cards no matter how good the reward structure is.

Keeping your credit card balances low is good for your credit score and saves you money on interest if you carry a balance from month to month.

Although carrying a balance on a credit card isn't ideal, if you must, a low interest card may be the best choice.

However, if I did ever carry a balance on my credit card you better believe I would be riding the credit card company day and night to give me a lower interest rate.

Don't carry a balance — The best way to deal with a looming credit card interest rate hike is to not carry a balance on your credit card.

The best 0 % interest rate is the one you give yourself by never carrying a balance on your credit card again.

Keeping a card balance to boost credit score is dumb advice — Some financial «experts» claim that carrying a small balance on your credit cards is good for your credit score.

Like most rewards credit cards, the APR on the Amazon.com Rewards Visa is also relatively high and so it's not a good choice for carrying a large balance.

It's never a good idea to carry a balance on a credit card, but sometimes it can't be avoided.

If you're planning on carrying a balance, it's a good idea to find a credit card that won't charge you interest for a long introductory period.