How to get the best credit rating from your credit cards?

Is it better to pay the balance in full at the end of the month? Or is it better to carry a balance and make the payments on time?

How to get the best credit rating from your credit cards?
Get a few (around four) cards if you are building up your credit..low interest store and gas cards are generally the best, circulate between these..use two to buys cheap things and pay theses bills off 100% at the end of the month and the other two to make more expensive purchases, make about 80% of the payment letting the rest drag a bit to build your credit. After you have built a good report get rid of all cards and only keep two solid good ones, and pay them all off. Good Luck!
Reply:Carry only a few. Don't get individual store cards. Charge often but only when you have the money to pay them off at the end of the month. Pay on time..
Reply:if you pay off your cards completly it doesn't show any credit the best way is to maintain a $20-30 balance on your cards
Reply:It's better to carry a balance, and make payments because is shows payment history. Paying off your balance in full will result in a 0 balance if you have a grace period and will appear that you just don't use the card on your credit report.





Never make just the minimum payment...always pay extra (even if it's just $15.00 extra, it makes a difference).





Be very aware of what your credit limit is, and never go above 50% of what your limit is on any card...it's a credit rating killer. It's better to have two cards with a balance of $500 than to have one card with a balance of $1000 if your credit limit on the card(s) is $1500.





Even one late payment may drastically affect your credit rating for several years...never pay late on credit cards.





Hope that helps, good luck. : )
Reply:To increase you credit score, maintain a small balance and pay on time. If you pay off the balance each month, the credit card company is not making any money off you.





The other thing to do is not apply for more credit cards or other forms of credit, like car loans, unless you absolutely need to. Each time a lender checks your credit history, your credit score drops a few points.





Do keep in mind, you are paying extraordinary interest rates for the priviledge of building your credit score.
Reply:Spend more