Is it better to carry a small balance on a card or have no balance at all?

[zipper97]

I have two Capital One credit cards.  One is paid off, the other will be in a few days.  Both have automatically recurring charges added to them monthly, but will be less than $200 per month total.  

Do I keep paying these off every month or do I let them carry a small balance from month to month, still making payments on them but never paying them off?

[Revelate]

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@zipper97 wrote:

I have two Capital One credit cards.  One is paid off, the other will be in a few days.  Both have automatically recurring charges added to them monthly, but will be less than $200 per month total.  

Do I keep paying these off every month or do I let them carry a small balance from month to month, still making payments on them but never paying them off?

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Simply report a small balance on one of the two cards if we're talking optimal FICO scoring tactics.  You have a grace period, you still won't pay interest if you PIF after the statement date.

[peaceonearth]

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@Revelate wrote:

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@zipper97 wrote:

I have two Capital One credit cards.  One is paid off, the other will be in a few days.  Both have automatically recurring charges added to them monthly, but will be less than $200 per month total.  

Do I keep paying these off every month or do I let them carry a small balance from month to month, still making payments on them but never paying them off?

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Simply report a small balance on one of the two cards if we're talking optimal FICO scoring tactics.  You have a grace period, you still won't pay interest if you PIF after the statement date.

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+1