You can or can not make the full amount repayment at the end of the month, you can carry forwards the balance after paying the minimum amount due which makes
it better than other types of debts.
Not exact matches
This week, new research from TransUnion found that Canadian consumers who make more
than the minimum payments monthly on their credit card
debt are also more likely to make higher payments on
other types of credit as
well.
If you keep a balance and have credit card
debt, then it's probably
better to use low interest or 0 % APR cards rather
than rewards cards instead (because many rewards cards turn out to have higher rates
than other types of cards that don't have such generous rewards).
Some people reason that because education
debt is «
good debt,» FICO must view it more favorably
than other types of debt.