Can you pay a credit card in full each month? Is that good for your credit rating?

Just surveying the yahoo neighborhood.


Experts - no need to answer.

Can you pay a credit card in full each month? Is that good for your credit rating?
Yes, it is good for your report/history. By paying in full each month you avoid being charged finance charges. However, your credit report still shows that you have made an on-time payment each month you do so. Your report doesn't delineate how much was paid on the card each month, just that the minimum monthly payment according to the credit card company was met.
Reply:Of course. It's a good idea to do so too.





Your credit report doesn't distinguish between paying in full or paying the minimum as long as they are on time payments. However, paying in full keeps your percent of available credit higher, which helps your rating.
Reply:I always pay mine in full every month. My credit is excellent. Credit card interest rates and fees are so high, you should always pay them off every month. Avoid buying anything that you can't pay for in the same month.
Reply:By paying in full, you avoid interest.