Timeline for Can you have negative credit utilization? How would it appear on your report and affect your score?
Current License: CC BY-SA 3.0
17 events
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| Feb 10, 2018 at 17:28 | answer | added | Rshar | timeline score: 0 | |
| Apr 13, 2017 at 12:25 | history | edited | CommunityBot |
replaced http://money.stackexchange.com/ with https://money.stackexchange.com/
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| Aug 1, 2016 at 17:18 | comment | added | Jay | What's the point of immediately paying every bill? One of the main reasons I use a credit card is convenience: I don't have to worry about how much cash I have in my pocket, and I pay one big bill each month rather than a bunch of small bills. (Well, really two or three, because I have several credit cards.) If you're going to go to the credit card web site every time you use the card to immediately pay it off, wouldn't it be easier to just pay cash, or use a debit card? Seems like you're going out of your way to make it inconvenient. | |
| Apr 14, 2016 at 17:16 | answer | added | Eric Seastrand | timeline score: 2 | |
| Apr 14, 2016 at 17:06 | vote | accept | Eric Seastrand | ||
| Apr 6, 2016 at 13:04 | comment | added | Eric Seastrand | I had been car shopping and didn't know when I might need a loan, so I was keeping my utilization low to keep my score high. I was not entirely sure when they would report my balance, so I always tried to keep it right at 1%. I finally bought that car, so now I'm basically just experimenting. I appreciate your suggestions (interest and cashback debit). I'm going to look into both. :) | |
| Apr 6, 2016 at 4:23 | comment | added | jamesqf | But my question is why you immediately pay it off, instead of leaving your money in an interest-bearing account until the due date? Not to mention causing yourself the extra work of logging into your account and making those multiple payments. And you do know that there are debit cards that give cash back? | |
| Apr 5, 2016 at 21:32 | history | tweeted | twitter.com/StackFinance/status/717464972079546368 | ||
| Apr 5, 2016 at 20:51 | history | edited | Eric Seastrand | CC BY-SA 3.0 |
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| Apr 5, 2016 at 17:48 | comment | added | Eric Seastrand | @jamesqf : I get 1% cashback on everything with it. At this point, it's mostly an experiment; I only even have this card to "build my credit", but because of the 1%-3% cashback, I find myself using it anywhere I can, then immediately paying it off. | |
| Apr 5, 2016 at 17:40 | comment | added | jamesqf | Why on Earth would you do that instant payoff thing? (Unless it's just an experiment, of course.) Get a debit card. | |
| Apr 5, 2016 at 17:36 | history | edited | Eric Seastrand | CC BY-SA 3.0 |
clarified reference to other question and data
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| Apr 5, 2016 at 17:23 | answer | added | Dan Honsberger | timeline score: 3 | |
| Apr 5, 2016 at 16:56 | answer | added | quid | timeline score: 1 | |
| Apr 5, 2016 at 16:06 | answer | added | Aganju | timeline score: 6 | |
| Apr 5, 2016 at 15:15 | answer | added | Chris | timeline score: 4 | |
| Apr 5, 2016 at 14:28 | history | asked | Eric Seastrand | CC BY-SA 3.0 |