Credit Card Center Advertiser Disclosure

Posts: 17
Registered: ‎07-16-2011
0 Kudos

Which matters? Minimum Payment, Statement Balance, Current Balance

Hi experts here, I have a question for a long time. I usually pay current balance. Will pay minimum payment or statement balance have any negative impact on my credit? (Other than that paying minimum payment will let me bear some interest charge.) Thanks.

Established Contributor
Posts: 768
Registered: ‎04-08-2011
0 Kudos

Re: Which matters? Minimum Payment, Statement Balance, Current Balance

Hey! How many credit cards do you have?

I've read it'll ding your score if you leave balance on more than half of your cards. And you the balance will add up overtime (since only paid minimum) so that will hurt your utilization

Starting Score (08/11/11): TU08: 643
Current Score: TU08: 741
Goal Score: Stay in the 700s; keep reports clean

Take the FICO Fitness Challenge
Valued Contributor
Posts: 2,708
Registered: ‎10-16-2008
0 Kudos

Re: Which matters? Minimum Payment, Statement Balance, Current Balance

Hi, catch-22!    (And BTW, I had a few cocktails with Joseph Heller one night...)


This is just my take on it, no Gospel here ...  with AMEX, for instance, I pay once a month on that "Pay by" date, and I always do "current balance" rather than the statement balance.  My AMEX is a charge card, so only a PIF of statement balance would suffice.


On other cards (revolvers), I try to PIF, but always pay far over the minimum if I can't pay in full for whatever reason.


I think that the minimum, the statement balance or the current balance choices are all tracked by the creditor.  If I was the creditor, I know I'd track those things.


Pick 'em, choose 'em.  IDK.


If there is any impact at all, it would be internal, I think, aside from any reported utilization.


Hope this helps (but, probably not).









Community Leader
Epic Contributor
Posts: 29,735
Registered: ‎03-19-2007
0 Kudos

, Re: Which matters? Minimum Payment, Statement Balance, Current Balance

Yeah, really two different questions.

Most major creditors have their own internal sytems for evaluating consumers.  Once you are a account holder, it is my understanding that most now run profitability models in addition to risk analysis models to assess profitability, credit limits, BT offers, etc. 


From a purely FICO point of view, how much you pay and statement and current balances only enter indirectly.  FICO scores your % util against your credit limit for each account, and thus as balance rises, % uti rises. 

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.