YabbaDabba Posted April 12, 2010 Share Posted April 12, 2010 So. I'm 24, have really good credit, and have had at least one credit card since I was 18. But, the problem is that I barely use my credit cards--to the point that Capitol One closed my account because I hadn't used it in over 2 years. Part of the problem is that I'm wary about credit cards and the associated pitfalls, but I also realize that to create a solid credit history, I need to show that I'm able to use these cards "intelligently." And, since I'm about to rack up close to $7,000 in academic-related expenses this summer, it seems like a good time to use one of my credit cards. Don't get me wrong; I have the cash on hand, so I'd only be putting the amounts on the cards as a way to help with my credit history/rating, but I'm not sure how to approach this. Like...I have the option of paying for several school-related expenses online, so what makes most sense in terms of my credit score: putting large sums of money on my card (say, $1,000-2,000), only to pay it off the next month? Or should I break it into smaller payments, to avoid such a huge jump in useage? And should I pay off the total each month in one lump sum? Or carry a balance for a bit? (I'm reluctant to carry a balance, though, because I HATE paying interest). Anyway, tips, tricks, insight and/or advice are all more than welcome. Link to comment
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