topic Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??) in Credit Cards

Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

billyboo — Wed, 11 Apr 2012 05:01:03 GMT

I have been making more than one payment per month on my 1 and only Credit Card - Chase Disney Visa

Personally it has helped me be on top of my finances better, the past few months.

Is this some sort of "No No" that I am unaware of?

Thank you for any advice and or feedback : ))

EQ 654 : (( slowly improving )

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

MarineVietVet — Wed, 11 Apr 2012 04:58:18 GMT

@billyboo wrote:
I have been making more than one payment per month on my 1 and only Credit Card - Chase Disney Visa
Personally it has helped me be on top of my finances better, the past few months.
Is this some sort of "No No" that I am unaware of?
Thank you for any advice and or feedback : ))

Ex 645 : (( slowly improving )

Hello and welcome to the forums.

I can only speak of my experience but I make multiple payments each month to my Discover and BoA accounts and have never to my knowledge suffered any bad consequences.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

Anonymous — Wed, 11 Apr 2012 06:00:17 GMT

I too, make several payments a month on my Amex's and haven't ever had any problems.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

clocktick — Wed, 11 Apr 2012 10:42:18 GMT

The Amex site actually encourages people to make more than payment per month.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

learnin113 — Wed, 11 Apr 2012 14:09:46 GMT

I cant see how this would be a problem.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

webhopper — Wed, 11 Apr 2012 14:17:18 GMT

This is a good practice, I would encourage you to continue

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

jamesdwi — Wed, 11 Apr 2012 14:22:15 GMT

@billyboo wrote:
I have been making more than one payment per month on my 1 and only Credit Card - Chase Disney Visa
Personally it has helped me be on top of my finances better, the past few months.
Is this some sort of "No No" that I am unaware of?
Thank you for any advice and or feedback : ))

EQ 654 : (( slowly improving )

I have only heard of a couple people that say this is a problem, I tend to make payments on my cards everytime I get paid and each payment is more than the typical minimum monthly payment. Thus making it nearly impossible to miss a payment in any month. I assume AMEX has seen this payment before I got my 2 cards with them and they don't have any problems so far. GE loves it they keep giving me CLI, both Auto and self initiated CLI, Every card that I have had for longer than a year has given me a CLI, with me making multiple payments per month, I know some parts of the credit card companies would lke me to carry balances and pay interest, but on the otherhand they like there cards being used and paid so they get there swipe fees and get there money back so they can lend to others.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

webhopper — Wed, 11 Apr 2012 14:53:12 GMT

@jamesdwi wrote:
@billyboo wrote:
I have been making more than one payment per month on my 1 and only Credit Card - Chase Disney Visa
Personally it has helped me be on top of my finances better, the past few months.
Is this some sort of "No No" that I am unaware of?
Thank you for any advice and or feedback : ))

EQ 654 : (( slowly improving )
I have only heard of a couple people that say this is a problem, I tend to make payments on my cards everytime I get paid and each payment is more than the typical minimum monthly payment. Thus making it nearly impossible to miss a payment in any month. I assume AMEX has seen this payment before I got my 2 cards with them and they don't have any problems so far. GE loves it they keep giving me CLI, both Auto and self initiated CLI, Every card that I have had for longer than a year has given me a CLI, with me making multiple payments per month, I know some parts of the credit card companies would lke me to carry balances and pay interest, but on the otherhand they like there cards being used and paid so they get there swipe fees and get there money back so they can lend to others.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

Anonymous — Wed, 11 Apr 2012 17:43:47 GMT

@billyboo wrote:
I have been making more than one payment per month on my 1 and only Credit Card - Chase Disney Visa
Personally it has helped me be on top of my finances better, the past few months.
Is this some sort of "No No" that I am unaware of?
Thank you for any advice and or feedback : ))

EQ 654 : (( slowly improving )

In the future as your credit improves, you should consider adding a 2nd or 3rd CC. It is good for credit profile long term. It is also good to have backup CC's in case of CC loss, fraud, etc.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

Anonymous — Wed, 11 Apr 2012 19:22:49 GMT

They seem to like multiple payments per month based on what Ive seen.

Most of the cards I do that on have given me CLI's without asking. Even Capitol One which is actually higher CL now than they said it could be on this particular card.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

deemutz — Thu, 12 Apr 2012 00:48:42 GMT

i also make at least 2 pays on each of my 3 cards, and so far so good. even got a CLI on Orchard card last month.

still recovering from BK in 2010, but doing well sofar

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

haulingthescoreup — Thu, 12 Apr 2012 01:59:00 GMT

IMO, this is one of those Internet credit myths that just won't go away.

Long as the check (draft) doesn't bounce, I think you're good.

Re: Is this bad CC Payment practice (for whatever FicoEEEE Jinxie Reason??)

webhopper — Thu, 12 Apr 2012 02:06:41 GMT

And don't make a typo if you are entering your info