Should You Pay Your Credit Card in Full

Hey WalletHubbers! A lot of people have been asking if they should pay their credit card bill in full every month, so we'll get to the bottom of that today The short answer to this is yes

If you have the money and you're not using a 0% APR credit card, always pay your credit card bill in full You'll save a ton of money on interest and you'll also save yourself from racking up more debt than you can afford to repay, which could lead to missed payments It's a myth that carrying a balance on your credit card for month two months is a good thing or that it increases your credit score — it simply is not true It doesn't help your score and it leaves you with a balance that costs you money in the form of credit card interest, so definitely try to avoid doing that What does influence your credit score in a positive way is your payment history

So make all of your payments on time And if you can, pay your bill in full every month to avoid interest on your balance That's pretty much all you need to know! So now that you do know that paying your credit card bill in full is the best way to go, you should make sure you have the best rewards card out there by clicking on this link right here See you next time, WalletHubbers!