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Should I Carry a Balance On My Credit Card?

 No, Do not Carry a Balance on your Credit Card.

Many people think that it will help your credit if you carry a Balance on your Credit Card.  This is simply not true.  

The only things that change if you carry a balance on your card is you will pay a high rate of interest and you will pay interest.  

You do not need to pay interest on your cards to keep them active and for them to have a positive effect on your credit score.  

Use each of your cards a few times a year and pay them off in full at the end of the month and they will stay open and eventually have a positive effect on your credit score.  

Auto Pay on My Credit Cards
I have all of my credit cards set up on auto pay from my checking account.  I only buy things on my card that I know I will have the money to pay when the bill comes in.  I have not set up an auto loan system on my checking account that will keep me from overdrafts.  This makes me pay close attention to my checking balance and my credit card spending.  

I put all of my purchases on my credit cards that I can.  I collect points and I have flown all over the world from the free points I have earned.

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