New Dirt

Jerry, just remember, it's not a lie if you believe it!

  • Blog
  • Forums
  • Register
  • About

Re: My Capital One Timeline… (and question)

Home › Forums › Credit Talk › Secured Credit Cards › Capital One › My Capital One Timeline… (and question) › Re: My Capital One Timeline… (and question)

January 28, 2012 at 4:09 am #2721
fontanaman
Participant

Hello TEKHD and welcome to the forums.

First of all congratulations on your new Capital One card. And to answer your question, no, you DO NOT have to pay interest in order to improve your credit score. It might be a good thing for the bank because they are making money, but paying interest has nothing to do with improving your score. If you have the money, just pay in full whenever you can and save yourself the extra fees!

The two most important things about using a credit card are:

1. ALWAYS pay on time!

2. Do not max out your card!

Just make sure you do not pay late even if you are just paying the minimum. ALWAYS pay on time! Paying late looks bad on your report and affects your score (even if it’s only a day late!). Also, do not max out your card. Some people say you shouldn’t use more than 30% of your available credit at any given time, others say 40-50%. Play it safe and keep it on the low side.

Here’s an article with some good tips on how to improve your score: http://www.myfico.com/CreditEducation/ImproveYourScore.aspx

Hope this helps!

LOGIN OR REGISTER – FORUMS

Log In
Register Lost Password
  • POST NEW FORUM TOPIC
  • Latest Forum Discussions

    • Order Xanax 1mg, 2mg pills online at Adderallstores
    • From where can I download the latest version of pubg mobile india ?
    • Why am I facing issues while downloading hitmasters mod apk ?
    • How do you install your HP Officejet Pro 8600?
    • Best Language Learning Methods and Strategies

    Most Recent Articles

    • 4 lines for $100: Why I Switched to Cricket Wireless (Developing Story)
    • Switch Your iPhone from AT&T to Straight Talk in 4 Simple Steps
    • The Best Secured Credit Cards
    • First Savings Account for Kids
    • Phones for Kids Under $200

    Other Pages

    • Wordpress Themes
    • Wordpress Hosting

    [footer_backtotop]

    Copyright © 2022 New Dirt | Credit Forums