Sentences with phrase «never carry a balance on a credit card»

We never carry a balance on our credit card but you can believe I use it as a free loan every month and put the $ I into an ING account.

They pay cash for everything and never carry a balance on a credit card, if they even have a credit card!

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

Never carry a balance on your credit card.

Regardless of the APR you're assigned, it's worth pointing out you should never carry a balance on any credit card unless you're enjoying a short - term APR of 0 percent.

Not exact matches

In an ideal world, you'd never miss a monthly payment or carry a balance on your credit cards.

We don't and never have carried balances from month to month on our credit cards, except on a few occasions when mis - firing synapses caused me to overlook accidentally a payment.

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.

The bottom line is this: If you never carry a balance, then you never have to pay interest on your credit card debt.

If your intention is to Get Rich, carrying a balance on a credit card will increasingly make it likely for you to never reach that lofty, yet realistic, aspiration.

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.

This is the oldest card I still have as a shiny Quicksilver with a $ 6,500 CL Today my overall credit lines exceed $ 200,000 after only being here for 4.5 years and I never ever carried a balance on any of them.

Also, don't start new credit cards, and be sure to never carry a balance on them.

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.

So, let me just summarize by saying that in addition to making all card and loan payments on time each month, if you want to play it safe with your credit score, keep as many of your cards as possible open and active — even if you don't currently carry any card balances — to prevent, or at least minimize, any future increase in your credit card utilization percentage.You never know when a major purchase might require you to run a balance on a credit card from month to month.

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

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

Avoid carrying a balance on your credit cards, and never miss a monthly payment.

Some background: I have no debt, have never carried a balance on the card, and have never used more than 10 - 15 % of the credit limit per month.

Closing a card will lower your credit score, even if you always paid on time and never carried an outstanding balance.

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...

Even after always paying on time (I also never carried a balance over to the next month), they still refused to convert it to a regular credit card.

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.

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

Finally, no matter how high or flexible your credit limit is, it's never a good idea to carry a high balance on a credit card, particularly one that approaches your limit.

Although grasping completely how credit card interest works may be a bit daunting, just know that the best way to avoid paying interest on your credit cards is to never carry a balance.

That said, if you are aiming for a card that requires an excellent credit rating, wait for the bankruptcy to be purged and then follow this simple plan: Get the best card you can qualify for, use it regularly, pay on time and never carry over a balance.

Keep in mind you'll need Very Good or Excellent credit to be eligible for many of the more lucrative cards below, and I'd never recommend carrying a balance on a rewards - earning card, as the interest payments can negate the value of the rewards.