Just owning a credit card even if you don't use it is boosting your credit score.
I pay off my credit card in full weekly, never paid a cent in interest and have built my credit score very well after only just over a year using credit.
I just got my first secured credit card and before watching this video I had absolutely no idea about anything that had to do with credit cards so thank you very much for making this video
i definitely maintain excellent payment history by prepaying. i'm going to start letting my statements close on a 2%-9% balance though, because i do want higher limits & score; i want to show that i'm taking care of the balances i have, instead of just showing 0% utilization.
I left $1 on my secure discover it card and I was gonna pay it before the day of closing date 📅 And then I realized, Discover paid that $1… Left me with a $0 dollar. So, on the 📅 is my closing date, is that when I should pay that $1 dollar 💵 early that day????? I don't want to pay no interests!!! I work to hard for my money 💰 🤑 💸 💲 💶 💵 The man that's trying to build-up my credit score from Indianapolis 🇺🇸…..
“I value my balance in my account a lot more than I do the piece of paper” -Sebby 🏆Well said
Went from 503 to 700 paying my balances off.
This is epic af
5-10% back? That's not realistic at all. 2 max everything 3-4 certain categories with certain cards
Absolutely. My score rose 74 points in 45 days by using 2 cards and paying them down very low (zero to 2 dollars) before the statement closing date. I had a thin credit file and am early in my journey to build credit after years of having no cards, no reportable loans, no car notes etc.
So my due date is the 17th and my statement date is 20th of every month, you’re saying if i leave $1-3 of my balance for the month on the 20th, and let’s say then pay that 1-3 dollars off on the 21st my credit score will jump up fast?
Appreciate the 1% or $1 tip to insure on-time payments are recorded at the bureaus
Great information! Thanks for sharing!
So lets say i have a CC with a 300 limit my due date is the 11th of each month and my statement date is the 14th of each month…..how would i play it???
Can you do a sample spreadsheet?
Hey Sebby. I have a couple questions. 1. If I make a charge and pay it as soon as I see it on my account do I get full cash back? 2. If you pay bills with your card and pay the balance by the due date how do you avoid a bill posting to your card between the due date and statement date. Which will show up on your credit file utilization? Thanks in advance.
Btw prepaying cards help push my score up 30 points now 730
I like the idea of paying every week
Why 1%? Can I prepay to make it 9% before statement day? How about asking my credit card company to lift my credit limit to make the usage low?
He’s talking slow for you dummies 😂
If i have 200 dollar limit I max it out but pay It off Before the due date is it bad?
Got it thank you 👍🏽
So if you have a utilization of 0% the day the payment is due it won’t count as an on time payment?
So pay off 99% before the due date then pay of the 1% on the due date ? So I can have low utilization.
Is it harmful to have a balance on a promotional card with zero interest say for six months or one year?
So basically if you spend let’s say 300/1000 in a period or month between April 4- May 5th that’s due June 1 of the next month:– one should pay 97% or 297 a couple days before the statement comes out (so in this case I should probably pay that 97% on April 30th) -so then by the time that early payment gets processed there will only be 3% utilization on the statement period for that April 4 – May 5th period -which I would then pay within a couple days after the statement gets sent?
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Hi Sebby again I want to thank you for everything that you are teaching me. I'm 64 years old retired U.S. Navy and this is all new to me, you and your friends on YouTube are great please keep it up and stay safe. May God Bless you for what you and your friends are doing for us.