Timeline for When should I pay off charges on credit card if my main concerns are reward points and credit score?
Current License: CC BY-SA 4.0
19 events
| when toggle format | what | by | license | comment | |
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| May 17, 2021 at 17:35 | comment | added | Ray Butterworth | Doesn't your credit card give you the option of having it automatically paid from your bank account on each due date? I've been doing that for decades: no interest charges and it's taken from the savings account as late as possible. I get the best of everything with absolutely no work on my part. I can't imagine why anyone wouldn't do it this way. | |
| May 17, 2021 at 12:30 | answer | added | Pramod Shinde | timeline score: 0 | |
| Apr 28, 2021 at 10:29 | comment | added | Daniel | @Aequitas maximizing the number of pennies in their account was not listed as one of OP's goals. Yes, it's true that holding on to money as long as possible is strictly better than not. But also OP would have to be spending somewhere around $100,000/month on the credit card for 30 days' worth of interest in the savings account to be something not completely trivial. | |
| Apr 28, 2021 at 0:53 | comment | added | Aequitas | @Daniel how are they the same? Savings accounts earn interest, so if you use it to pay bills then you lose out on the interest. Assuming you buy something on the 1st if you pay it off on the 31st you get 30 extra days of interest than you otherwise would've. | |
| Apr 27, 2021 at 3:41 | comment | added | thehole | Your options specify transferring money from savings. Note that savings and money market accounts have a limit of 6 transactions per statement cycle*, so options A & B will lead to penalties or account closures on your banking side. *note:these limits are currently suspended on account of COVID | |
| Apr 26, 2021 at 20:57 | comment | added | Ron Maupin | I put everything on my credit card and just pay it off every Friday. I get all the points, and my credit score is above 800. | |
| S Apr 26, 2021 at 17:42 | history | became hot network question | |||
| S Apr 26, 2021 at 17:42 | history | became hot network question | |||
| Apr 26, 2021 at 16:35 | answer | added | yoozer8 | timeline score: 38 | |
| Apr 26, 2021 at 15:00 | history | tweeted | twitter.com/StackFinance/status/1386696580473016322 | ||
| Apr 26, 2021 at 14:07 | answer | added | RiverNet | timeline score: 0 | |
| Apr 26, 2021 at 13:53 | history | edited | Kevin | CC BY-SA 4.0 |
Changed title to reflect question
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| Apr 26, 2021 at 13:50 | answer | added | Hilmar | timeline score: 6 | |
| Apr 26, 2021 at 1:32 | answer | added | Tanner Swett | timeline score: 0 | |
| Apr 25, 2021 at 23:13 | answer | added | Hart CO | timeline score: 16 | |
| Apr 25, 2021 at 23:04 | comment | added | Daniel | With respect to your listed interests, all of these options are the same | |
| Apr 25, 2021 at 23:01 | history | edited | Flux | CC BY-SA 4.0 |
Fix formatting; remove abbreviations; edit tags
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| Apr 25, 2021 at 22:58 | review | First posts | |||
| Apr 26, 2021 at 17:39 | |||||
| Apr 25, 2021 at 22:54 | history | asked | H Far | CC BY-SA 4.0 |