AMEX BCP purchases and immediatley paying it off with your finanical institution improve your score?

AMEX BCP purchases and immediatley paying it off with your finanical institution improve your score?
PhilipWen asked 3 years ago

Greetings,

 

     I know this might be a silly question; but I guess that is why we have these forums…to ask questions we are not sure about. So I got the AMEX BCP card back in December 2015 with the 0% APR till 4/17 and I love it. The 6% on groceries, 3% on gas etc. etc…is awesome!!!! My question is this…the grocery store that my family and I use is one that AMEX recognizes and gives me the 6%. If I say, spend $ 250 dollars on groceries with my AMEX BCP card and then pay it completely off the next day with my bank…will it help my FICO score at all? I would normally use my bank account to pay for the food, but ever since I got the AMEX BCP I am using it for food all the time. By using the AMEX card and immediately paying it off the next; will it improve my score or just do nothing at all? Thanks in advance. Your comments and suggestions are welcomed

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