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  • longlostkingdoms@alien.topB
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    1 year ago

    Solid points all around!

    However, I don’t really understand the ‘pay off your credit card every few days’ thing. Unless there’s something I don’t know about from a security standpoint, it’s good to keep transactions unpaid-off on your card until your statement comes in and then pay it off then (<~25% utilization), so that the card issuer sees that you’re utilizing the card.

    • richdrifter@alien.topB
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      1 year ago

      Just a good financial habit to help manage your spend if you keep your cssh/credit balanced as often as possible :)

      The card issuer definitely sees that you’re using the card regardless of whether or not you carry a balance. I carry $0 balance but my card limit is regularly increased. 800 credit score, etc.