To payoff or not

[Anonymous]

I understand the reason behind not carrying balances on all my cards. What I don'tunderstand is how to keep CC companies form closing accounts due to no activity?

[llecs]

You can have monthly activity and still show $0 balances. Buy whatever and PIF before the due date and delay using the card until you know that $0 will report.

[Junejer]

Clarification on what Llecs meant. Use your card to your heart's content and then PIF prior to the statement date yada, yada, yada.

[Lel]

To further clarify, carrying a balance means (at least to me) not paying your entire balance each billing cycle.  That is, you can still let a balance report and pay it in full when you get the regular bill.  You won't incur any interest rate charges.

If, however, you are trying to limit the number of cards that report balances in order to boost your score, then you should follow the sage advice proffered by the mods.  Since you're using your cards, they won't be closed for inactivity.

[Anonymous]

To payoff or not (before or after the closing date) doesnt matter I guess. As long as you keep the balance low like 5% of your credit limit when the statement closes.

[Anonymous]

Thanks a lot for info

[Anonymous]

I'll go ahead and try to pay attention to the dates and hope I get it right lol...

[Anonymous]

I'm trying different methods and myths too. Sounds like I'd be on the right track, maybe just need some fine tuning.