First time credit card (how to pay each month and raise credit score).

[Anonymous]

Hi I just received new credit and a first time credit card and would like to know the formula and stratergy for paying off my credit card on time each month so that I can increase my credit score. Can you suggest an online calculator to help me do this.

CAPITAL ONE 1500
HSN 500

[takeshi74]

Why do you need a calculator?  Pay on time to keep it current.  Pay in full to avoid interest.  Pay prior to statement end to reduce reported utilization.

The are score simulators but they're fairly pointless given the number of different scoring models used by creditors.  It's more productive IMO to focus on the factors that afect scoring:

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

[Jaylima91]

Is it me or is this thread posted twice?

[irrational]

It is: http://ficoforums.myfico.com/t5/Credit-Cards/First-time-credit-card-how-to-pay-each-month-and-raise-...

[Jaylima91]

I see. simple mistake. I'm sure a mod will correct it

[09Lexie]

Locked to redirect to similar thread. 

http://ficoforums.myfico.com/t5/Credit-Cards/First-time-credit-card-how-to-pay-each-month-and-raise-...