Anonymous
Anonymous asked in Business & FinancePersonal Finance · 4 weeks ago

Credit card question?

I misplaced my debit card yesterday (found it after) so I was at the store I had to use a credit card. I spent $70. Should I pay it now or wait until the due date?

Asking because I am right at 30% utilization with my other cards so i don't want the balance to go up and hurt my score before then.

4 Answers

Relevance
  • 4 weeks ago
    Favorite Answer

    Wait until the due date, pay the entire balance to avoid interest charges. Then pay off the balances of your other cards and don’t carry a balance on a credit card ever again, paying interest is a waste of money. Get on a budget to find out how much money you have available to pay down debt. Finally, start saving for future purchases to avoid interest payments.

  • 4 weeks ago

    WAIT for the cc bill, review it, and pay within terms.

  • Anonymous
    4 weeks ago

    Doesn't really make a difference.  The $70 charge if you pay it now won't likely get reported to the credit bureaus but they will still report you 'pay as agrees' which is what you want.

  • dman63
    Lv 7
    4 weeks ago

    Pay it off now.  You should never let credit card balances sit.

    • John4 weeks agoReport

      Fascinating.  Not sure how it's relevant to anything, though.  You should still pay off your credit cards as soon as you are able.

Still have questions? Get answers by asking now.