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Originally Posted by Black Mambo Totally. The sad thing is that being sensible and paying your balance off every month, without incurring interest, can earn you a bad reputation in the eyes of providers. Obviously you're no-risk to lend to, but they're also not going to make any money out of you. I'm not sure if it's detrimental to your ability to get credit. I've heard people say that making a purchase and paying it off over a number of months will actually earn you good credit, where paying off the whole balance every month might not earn you such a good score. I'm not sure if there's any truth in that. |
That's not true.
The lower your balance, the better your score.
The credit card company just won't like you much, because you're costing them money. But they would rather take someone with good credit than bad.
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