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just got my credit card on the 19th and its a secured credit card because I want to start to build my credit. I have online banking and under payment due date it says “N/A”. If i pay off my card now will it still get reported to the credit bureau and help raise my credit score? or do i have to wait until its due to pay it?

6 Thoughts on What happens if you pay your credit card bill early?
  1. Reply
    Classy Granny
    May 18, 2013 at 6:05 am

    The sooner you pay the less interest you pay

  2. Reply
    Wasik Jawad
    May 18, 2013 at 6:46 am

    Generally it shouldn’t get report. It is up to you when you are wanting for reducing your credit that’s all. Pay it off. To get more information about credit cards and their facilities you can visit dontspendmore which is providing excellent service about credit cards.

  3. Reply
    Stan
    May 18, 2013 at 7:07 am

    You should always wait for the statement then you can pay it online.

  4. Reply
    bdancer222
    May 18, 2013 at 7:30 am

    Wait for the statement. If you pay before the statement, there is a good chance that no activity will be reported to the credit bureaus. Cards only update once a month to the credit bureaus and they report what shows on the account at that time. It won’t do a thing to build your credit if no utilization is shown.

    Just use the card for regular purchases and pay the statement balance in full every month. That will build credit and avoid interest.

  5. Reply
    Praveen
    May 18, 2013 at 8:02 am

    you might be charged a $ 10 early payment fee, which would get me so angry I would tell the rep off and close my account.

  6. Reply
    Calculate Credit Card
    May 18, 2013 at 8:14 am

    Typically there are no additional fees for paying early. I highly recommend doing that because then it’s just another item off your to-do list. Although, if you’re concerned about cash flow, then you may want to hold off until the actual due date.

    Either way, paying early or on-time won’t effect your credit score. You simply want to keep a low balance each month, so that it doesn’t negatively affect your credit score. Here’s an article that my be helpful:

    http://calculatecreditcard.com/credit-score-breakdown/#.UX7ziSv70dE

    read this one too:

    http://calculatecreditcard.com/5-best-ways-to-raise-credit-score/#.UX7zpCv70dE

    Hope this was helpful!

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