How Many Times Do You Pay Your CC Per Month?

[Anonymous]

Well the golden rule is Never incur late fees. It will not just hurt your pocket, it will definitely ruin your CS. I enrolled via Direct Debit just in case I forget to settle my balance, And I do that twice a month to lower my outstanding balance and finance charges.

[anybodii]

Just curious, do CC companies look badly towards people if they continually only pay the minimum payment when they have an intro 0% APR? I was curious because to me I was just going to sit the money in savings account making a few extra pennies a month and have extra cash for an emergency if I needed it. Of course before the 0% was up I would just PIF... I currently pay about 5x the minimum payment.

[trumpet-205]

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@anybodii wrote:

Just curious, do CC companies look badly towards people if they continually only pay the minimum payment when they have an intro 0% APR? I was curious because to me I was just going to sit the money in savings account making a few extra pennies a month and have extra cash for an emergency if I needed it. Of course before the 0% was up I would just PIF... I currently pay about 5x the minimum payment.

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If you do it only once every while you're okay. But if you do it continously yes they do look down on it. It is sending a signal to them that you'll take forever to pay off the bill.

Some lenders will respond by increasing interest rates and lowering credit limits.

I currently have about $300 balance on one of my Citi cards, taking advantge of 0% intro. I'm paying $50 per month where minimum payment is $20.