I have a credit card that I only carry a balance on for a few months out of the year, generally when I am paying off a vacation. The rest of the time I pay it off in full. Most often, I pay the account 3 or 4 times a month, sometimes making a charge and paying it off online the same day. So here’s the question: If the card reports to the credit agencies on the 15th and I have a zero balance on March 15 and again on April 15th, even though I’ve charged and paid off $1000 in between those dates, what is being reported? Does my card appear inactive?
I’m afraid in my zeal to pay everything off instantly, I may be hurting myself.
Thanks for your help.