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Just wondering how soon to pay off small balances on cc's. Should you pay it off as soon as that transaction posts or wait a few days? Just wanting to know how better to boost my credit score.
The CRA likes to see "some" usage of your card or cards.
What the score difference would be...???
I will wait to see if someone else has an answer.
@buttercup1 wrote:Just wondering how soon to pay off small balances on cc's. Should you pay it off as soon as that transaction posts or wait a few days? Just wanting to know how better to boost my credit score.
You can pay it off as soon as it posts. It makes no difference when you pay as long as you pay before the statement closing date. That is when it reports to the CRA's. If you have multiple cards. 1 cards needs a 1-9% balance reporting and the others at $0.