Sentences with phrase «carry a balance on credit cards because»

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Credit cards — We don't carry a balance from month to month on our credit cards, so this just reflects our balance as of the end of the month.The balance is high this month because we paid our daughter's preschool tuition on the credit card (to get mCredit cards — We don't carry a balance from month to month on our credit cards, so this just reflects our balance as of the end of the month.The balance is high this month because we paid our daughter's preschool tuition on the credit card (to get mcredit cards, so this just reflects our balance as of the end of the month.The balance is high this month because we paid our daughter's preschool tuition on the credit card (to get mcredit card (to get miles).

While conventional wisdom would be against using credit cards and we would never advocate carrying any type of balance on one because of the near usurious rates, in certain situations, it might just be your only option.

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.

That's because the credit bureaus don't have a clue whether you pay your bill in full or carry a balance on your cards 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.

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).

Some consumers who signed up for high - rate cards because they never expected to carry a balance will find themselves leaning on the credit to pay for weekly necessities.

«You shouldn't be doing this if you're going to be carrying a balance on any of the rewards cards because rewards cards usually have a higher interest rate than most other credit cards,» he explained.

The difference is that because spending on the Ink cards won't show up on your credit report (unless you're delinquent), carrying a balance on an Ink card won't hurt your credit score like it will on other cards.