Which one is going to help my credit score raise the most?

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I had just got a new credit card, i wanted to know if i pay the account off before the bill comes or should i pay the bill once it comes. I wanted to now which one is going to help my score the most. For example i charged $ 20 for gas on my car, it has posted to my account now should i pay it right now or should i wait till they bill me for the $ 20.

  1. Reply
    November 10, 2011 at 5:18 am

    It really won’t make any difference as long as it is paid before the date it is due.

  2. Reply
    November 10, 2011 at 5:37 am

    Wait for the statement and pay the balance in full before the due date. There is absolutely no advantage to paying charges off before you get the statement. In fact, doing that could result in no utilization being reported to the credit bureau — while that won’t hurt your score, it won’t do a thing to improve it either.

    Use the card and pay the balance in full (after you receive the statement) every month. This will build your credit and avoid interest. Keep in mind that you will have to use that card for at least 6 months before it even begins to count in your FICO score. It takes years to build good credit.

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