Paying off credit card ?

[mavric]

So i have a 0% card that i put about 15k on ,and my score dropped 55 points. This the only card i carry a blance with all others are pay off when used.    I have the money to pay it off ,    

         What is the best way , All at once or 2 or 3 or 5 payments  , have 6 more months of the 0%    Would like to get my score back up.    

         THANKS

[JoeRockhead]

Utilization has no memory. Pay it off and your scores will snap back once reported. One payment will do it, other options offer no benefit. 

[Kforce]

---

@mavric wrote:

So i have a 0% card that i put about 15k on ,and my score dropped 55 points. This the only card i carry a blance with all others are pay off when used.    I have the money to pay it off ,    

         What is the best way , All at once or 2 or 3 or 5 payments  , have 6 more months of the 0%    Would like to get my score back up.    

         THANKS

---

As @JoeRockhead said as soon as you pay it off, scores will rebound.

Some would just put the 15k in a HYS account with ~4.5% interest and

earn a little more than $300 by paying a little over minimum every month

until the last month, then pay it off.

Can't have your cake and eat it, but you can trade

short term score loss for money.

[SouthJamaica]

---

@mavric wrote:

So i have a 0% card that i put about 15k on ,and my score dropped 55 points. This the only card i carry a blance with all others are pay off when used.    I have the money to pay it off ,    

         What is the best way , All at once or 2 or 3 or 5 payments  , have 6 more months of the 0%    Would like to get my score back up.    

         THANKS

---

All at once is fine.

[NoMoreE46]

Your score dropped 55 points- but from what score? 

Like @Kforce  noted, you could park that $15 k in an account making ~ $50 per month (at 4% Interest). 

At the end of the promo pay off the balance.

---

@Kforce wrote:

---

@mavric wrote:

So i have a 0% card that i put about 15k on ,and my score dropped 55 points. This the only card i carry a blance with all others are pay off when used.    I have the money to pay it off ,    

         What is the best way , All at once or 2 or 3 or 5 payments  , have 6 more months of the 0%    Would like to get my score back up.    

         THANKS

---

As @JoeRockhead said as soon as you pay it off, scores will rebound.

Some would just put the 15k in a HYS account with ~4.5% interest and

earn a little more than $300 by paying a little over minimum every month

until the last month, then pay it off.

Can't have your cake and eat it, but you can trade

short term score loss for money.

---