I would advise using a card if there's no extra fees attached to it. Generally, I would advise to always use a card vs. paying cash. There are some situations where cash is better (if extra fees are applied because of using plastic vs. cash). Also, when using a card (and if no fees attached), on the Discover card, you get cash back so that's also nice.
Example - Discover IT CashBack
If within the first year of CB match - 2%.
460 * 2% = $9.2 in CB.
If after first year - 1%
460 * 1% = $4.6 in CB.
Whichever way it is - you still get CB. Always try to see when paying for anything - how you can utilize your current crop of cards to benefit you.
Example - Discover IT CashBack
If within the first year of CB match - 2%.
460 * 2% = $9.2 in CB.
If after first year - 1%
460 * 1% = $4.6 in CB.
Whichever way it is - you still get CB. Always try to see when paying for anything - how you can utilize your current crop of cards to benefit you.
Using your credit card in this case wont help or hurt your score in anyway. If you let it report, it might just because of the utilization. But in a one day case. No. If they accept Discover and no fees, you could use it to save you some cash and then just make your payment when due. Using your card usually shows lender that you are being responsible with card( of course paying on time without saying
) and may facilitate a future increase
) and may facilitate a future increase
Dont worry about Vantage. Mine has been dropping crazily recently and though it stinks, and if you are like me like the cosmetic looksof them, Fico is more important.
You csn pay as soon as it you like but remember you need to wait for the charge to post, and Disco isnt instant. So you might hsve to wait a day or 2 or 3.
As to why your Fico dropped 20 points , not sure. If your file is thin any inquiry can have an affect. You could post the Fico question in General Credit for the score gurus to help. This topic actually might be better there for that purpose but your question about using the cc will get more exposure here. Good luck
You csn pay as soon as it you like but remember you need to wait for the charge to post, and Disco isnt instant. So you might hsve to wait a day or 2 or 3.
As to why your Fico dropped 20 points , not sure. If your file is thin any inquiry can have an affect. You could post the Fico question in General Credit for the score gurus to help. This topic actually might be better there for that purpose but your question about using the cc will get more exposure here. Good luck
If there was a point drop on your FICO score - do you have all your balances paid off and everything is reporting zero? If so, that could explain the loss. I would post a charge and let it report, let the statement cut and then make a full payment when it's due. That should fix it if there's nothing else affecting your scores (baddies).
Good call Xaximus. Its ok to let a balance report, not the end of the world. You csn still pay in full.
.
