Will it hurt my credit score to pay my balances right away?

[angela_nov19]

Will it hurt my credit score to pay my balances right away before the due date?

Say my due date to pay is on the 1st of every month. I get charged $60 and pay it off right away and I keep doing this when I use my card.

Because of the credit utilization ratio, will it hurt my score?

What if I stil leave a balance by the due date, just not one that represents all the money that has been charged to my account for that month.

I have a secured card.

[angela_nov19]

I've already used 30% of my credit limit for month on bills and groceries. But I need to buy two more things, one is actually pretty important and is only found online.

[gdale6]

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@angela_nov19 wrote:

I've already used 30% of my credit limit for month on bills and groceries. But I need to buy two more things, one is actually pretty important and is only found online.

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You can use the full line if you want just pay it down prior to statement cycle date.

[Kenny]

The most optimal scoring scenario is to allow one card to report 1-9% utilization -- with all others having a 0 balance.

The credit agencies don't know what your account is doing mid-cycle.

[TheGardner]

But it still reports high balance. Which I think is a good thing as it shows you can pay your credit limit and use it responsibly bringing higher CL and CLIs

[angela_nov19]

Thanks! Are you guys sure? I really want to raise my score from "fair" to "good".

I was an authorized user on my mom's account which I rarely used, and she had high balances every month which hurt my score.

[eagle2013]

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@TheGardner wrote:
But it still reports high balance. Which I think is a good thing as it shows you can pay your credit limit and use it responsibly bringing higher CL and CLIs

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+1 I truly think my high balance reporting + paying the balance to $0 before statement cut did wonders in my app spree. Now I just pay the statement balance once a month.