Originally Posted by xX94aCcOrDXx
i just got my first credit card yesterday and i have a few questions on building credit.
A banker told me that when i get a bill, that i should pay 99.9% of it, and that the remaining should take interest. And if i pay it off the next bill, and do this continuosly, that the credit company notices that i pay interest promptly and that my credit will go up faster.
Is this true?
Your banker is full of shit.....IF you charge 10 dollars you pay off 10 dollars.
Why would you want interest to build up so you could give them money.
You buy something for 10 dollars.
you pay off 9 dollars.
leaves you with 1 dollar remaining.
1 dollar + say for a n00b with credit 12% APR.....
next months bill will be $1.01 so interest gained for the month is a penny.
lol.....well if you wanna do that on ten dollars then cool.......
Interest = money to give to someone else.
I pay my CC in full everytime I use it.........