When do you pay off your credit card bill? Some people pay their full balances every month by the due date listed on their credit card statements. Others carry a balance from month to month but make the minimum required payment at some point before the deadline. So when's the best time to make a credit card payment? Before we discuss that, let's review why you should at least pay your bill by the deadline.
Paying interest isn't fun. And it's generally not a very good use of money. So a zero percent interest offer can be quite tempting. These deals are probably most often seen as an introductory rate on a new credit card. But 0% interest offers are not always what they seem. In fact, in many cases you can still end up paying interest on a 0% interest purchase when all is said and done. Here are some things you should know before signing up for this kind of promotion.
It’s a simple fact in today’s world: if you want to establish credit, you have to use credit. Not everyone realizes that until it’s too late though. You can probably get by paying for most major purchases with cash but what about when you want to buy your first house? That’s why it’s actually a good idea to open a couple lines of credit and use credit cards from time to time. That way, when you need your credit score, you’ll have a lengthy history of established credit use.