answersLogoWhite

0

If you only have one credit card and are a new user, it is always best to pay the credit card off. The exception is if you are planning to buy or finance a home/car, then keeping a LOW balance that is paid is in regular monthly payments, yet not completely paid off, always before it is due reflects that you know how to manage you credit and establishes a credit history. Banks usually look for a 3 years personal history depending upon your age.

User Avatar

Wiki User

18y ago

What else can I help you with?

Related Questions

Can you re-open a credit card once closed?

Credit card companies will not reopen a credit card account once it has been closed. The company will issue a new credit card and new account if it wishes to do business with the person.


How can you compare that which prepay credit card is better?

i had once faced same problem regarding credit card when i was going to think about owing a credit card then following link provided me the best information about this and after visiting this link all the questions about prepay credit card were clear in my mind i will recommend you following link about this issue


What reflects better on your credit report a zero balance on your credit card or buying something once a month and paying it off?

Buying something and paying it off. It shows the creditor that you are responsible and not a credit risk. Be aware though, you will be flooded with competing credit card company offers.


How can one apply for The Limited Credit Card?

You can apply for The Limited Credit Card by visiting the Comenity Website. Once there, you are given the option to start an application for The Limited Credit Card.


Can you please use someone credit card once?

no


Do you have to pay after using an itunes voucher card?

An iTunes gift card puts some credit on your account once that has been used you will need another gift card or bank/credit card to purchase items from the iTunes store.


How do you pay for a app on your iPod touch?

Once you have an account with your billing and credit card information once you press a paid app it will be charged on your credit card and you will receive a bill in the mail.


Can I use my credit card after I pay off the collections agency?

No. Once it is sent to a collection agency the company has closed the credit card.


Can a merchant charge a cancelled credit card for a transaction?

No, a merchant cannot charge a cancelled credit card for a transaction. Once a credit card is cancelled, it cannot be used for any further transactions.


Where can you go to get a credit card for a 17 year old?

you cant get a credit card until you are 18. however most banks offer a bank card which can be upgraded once you turn 18. you cant get a credit card until you are 18. however most banks offer a bank card which can be upgraded once you turn 18.


Where can one apply for Chase Credit Card online?

One can apply for a Chase Credit Card by going to the Chase website. Once there, select "Credit Cards > All Credit Cards" from under the "Products & Services" menu. Once there one can find the card one is interested in and complete the application process.


Are there any types of credit cards one can get if they have declared bankruptcy?

When in bankruptcy it is not possible to have a credit card. Once the terms of the bankruptcy have been met, some credit card companies will consider issuing a credit card to some people.