Advice on how I should use my CC

[Anonymous]

Hello All,

Quick question. I need some good, solid advice though.

I have a CC that I get really great rewards on and it has a super low interest rate. Also, I am rebuilding my credit. So I am wondering is it a good idea to use a CC like a debit card-in the sense that I charge everything on it for the 2 week period and than when I get paid I pay it off in full. This amount would never go over the 30% of my credit limit though. Maybe $400-500, than pay off in full on a 2 week basis.

Or is this not advisable? Will this help me build and maintain a great credit score?

[Anonymous]

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@Anonymous wrote:

Hello All,

Quick question. I need some good, solid advice though.

I have a CC that I get really great rewards on and it has a super low interest rate. Also, I am rebuilding my credit. So I am wondering is it a good idea to use a CC like a debit card-in the sense that I charge everything on it for the 2 week period and than when I get paid I pay it off in full. This amount would never go over the 30% of my credit limit though. Maybe $400-500, than pay off in full on a 2 week basis.

Or is this not advisable? Will this help me build and maintain a great credit score?

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It is a very good way.

[castlefox]

Yea that is basically what I do.   I have being doing something like that myself.

I have scared myself a couple times when I paid off my ballance in full and forgot to use the card again and I almost let it show up as unactive for that month.

[Anonymous]

Yes, I could see myself doing something like that.

Anyhow thank you for your response!

[LTomBerry]

The ideal zone would be to use it for what you need it for, then right before the closing date pay it down to 1 - 9% but like you said, not 0. 30% is a little high but not terrible.