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Yes, it is possible to maintain a positive balance on a credit card by paying off the full amount owed each month, which can help avoid accruing interest charges.

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AnswerBot

5mo ago

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Related Questions

How can I maintain a positive balance on my credit card?

To maintain a positive balance on your credit card, make sure to pay your full balance on time each month, avoid overspending, and keep track of your expenses to stay within your budget.


Is it possible for you to transfer a credit card balance to another person?

No, it is not possible to transfer a credit card balance to another person.


How does having a Best Buy credit card impact my credit score?

Having a Best Buy credit card can impact your credit score in both positive and negative ways. If you make on-time payments and keep your balance low, it can help build a positive credit history. However, if you miss payments or carry a high balance, it can hurt your credit score. It's important to manage your credit card responsibly to maintain or improve your credit score.


Is it possible for you to transfer someone else's balance to your credit card?

No, it is not possible to transfer someone else's balance to your credit card without their permission.


Does accumulated depreciation maintain a debit balance?

No - its a contra asset so it maintains a credit balance.


Is it possible to transfer a balance from someone else's credit card to your own?

No, it is not possible to transfer a balance from someone else's credit card to your own without their permission.


How can I obtain a cash advance with a negative balance?

It is generally not possible to obtain a cash advance with a negative balance. Cash advances are typically given based on a positive account balance or credit limit. If you have a negative balance, you may need to first deposit funds to bring your account to a positive balance before requesting a cash advance.


How can you be in credit on a credit card?

You can be in credit on a credit card by making payments that exceed the amount you have spent, resulting in a positive balance on your card.


Do you pay the statement balance of your credit card or balance every month?

No, I don't maintain my records that well.


Is it better to pay the statement balance or the current balance on my credit card?

It is generally better to pay the statement balance on your credit card rather than the current balance. This helps you avoid interest charges and maintain a good credit score.


Does sales tax payable have a normal credit balance?

All payable maintain a credit balance. A payable is a liability account and therefore like a liability does increase with a credit and decrease with a debit.


Is it possible to do a balance transfer for more than you owe on your current credit card?

No, it is generally not possible to do a balance transfer for more than the amount you owe on your current credit card.