Regular Contributor
okrogius
Posts: 169
Registered: ‎03-16-2007
Re: Only time paying off a CC in full can really ding your sc...
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Only time paying off a CC in full can really ding your score is when you PIF one card then open another. Generally this happens when moving a balance from a high interest card to a low interest card. It can adversely affect your score a bit as you appear to be "rate shopping".
 
To avoid this, leave about $100 on the old card, and pay it off over a 3 month period at about $35 a month.
 
Since you're keeping the card, it should not matter. But, if you want an once of prevention, pay off everything but a $100, then pay that off over 3 months till you hit a zero balance."
 
This is wrong. Opening a new account might hurt your score. Transferring a balance doesn't (although if depending on your timing it will be reported on both cards, this may hurt your score). In fact by not transferring it in full, you're adding another card on which you have a balance, and that does hurt your score (albeit slightly).