The article discusses strategies to improve credit scores while managing credit card debts. It emphasizes the importance of avoiding late payments and minimum payments, advocating for full monthly payments instead. While promptly paying off credit cards within a day can prevent missed payment reminders, the article discourages maintaining 0% credit utilization as a long-term strategy for credit building. The author suggests setting up automatic payments and that choosing the right cash back card can yield significant benefits. An example from a Reddit user illustrates these points and reflects common credit management questions.
It’s easy to overthink things when it comes to credit cards and the impact on one's credit score. Undoubtedly, if you've checked your score and aren't happy with it, a few simple changes can help.
However, maintaining a 0% credit utilization is not the best way to build credit. Paying off debts ASAP is fine, but there are optimal strategies to enhance credit scores.
Collection
[
|
...
]