What spending/payment habits are best to establish credit with a credit card?

1 Answer

Answer :

Well, dang. I only looked on the first two pages of the search. This has been asked before, but I really don’t understand credit-to-balance ratios. Can someone simply give me an example of, say, 3 months of use of a card that would maximize benefits to one’s credit?

Related questions

Description : Where do you keep money to prevent yourself from being tempted in spending it?

Last Answer : In a savings account. Then I hide it from my online banking.

Description : Is it really worth spending money for brand name items?

Last Answer : While name brand does not always make a difference often enough it does. Consumables I’m almost never getting name brand but other things name brand has a higher resale value. There is no formula for this, it really depends on what the item is.

Description : Wait, what? The right thinks if they reduce federal spending then we will climb out of all our problems and all the needs that these tax dollars were meeting will evaporate?

Last Answer : answer:No, no, no. That would just be pushing the problem down so congress can look good playing high and mighty and not have to deal with it or the peeved, headache inducing, voters. ... , you die, whichever. Please avoid standing in the sarcasm for prolonged periods, it may prove disorientating.

Description : Where can I find information about managing savings, and spending less?

Last Answer : ps, off to work, I’ll drop in to hand out lurve and responses later tonight

Description : Judging by recent financial trend, should I convert my holiday spending money now or later?

Last Answer : I may be off, but if they cap the well, I would think maybe stocks would rise. but exchange rate?? I’m not an expert at the quirky international rates and how it is affected by stocks? Is there are correlation?? Awesome question.

Description : Given the state of the economy, what do you think about the fact that we're going to set another record for Christmas spending?

Last Answer : Hey, that is great news Joker! Hopefully, this means we are coming out of this recession for good!

Description : How would you help someone with a dangerous spending habit?

Last Answer : how old’s your friend? 20–30? if that’s the case usually what it is is a mother’s fear that her child doesn’t NEED her anymore, so she tries to “stay in their good graces” with gifts, surprises, etc. how to help? I have absolutely no idea.

Description : Help. Am I spending too much?

Last Answer : This is a trick question, right? Anybody who spends that much money on drugs and complains about being poor just can’t be for real.

Description : Do you plan on spending your tax rebate check (thus stimulating the economy as intended) or will you save your money?

Last Answer : Probably going to end up blowing it on stupid stuff. Though I’d really like to save it if possible.

Description : When you get a golden dollar coin as change, do you plan on not spending it?

Last Answer : I take it to the bank, and get a more-spendable dollar bill for it.

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Description : Can you be arrested for credit card debt?

Last Answer : answer:You won't go to jail for it. You could be fined for not paying the bills on time. It will certainly affect your credit rating. I would contact the credit card company, they may allow you to ... now (which takes the funds directly out of my bank account). All I ever pay is a transaction fee.

Description : Credit card/credit question.

Last Answer : I would just ask the bank,or the credit company the card was issued under, BUT if I had to guess I would think you would have to use it somewhat, but why not, just don’t go nuts and make sure you pay it off completely every month and your credit will soar.

Description : How long should I wait before requesting a credit line increase on my credit card?

Last Answer : I would wait at least 6 months, possibly a year. You don’t want to be turned down for an increase—that would impact your credit score. Be sure to use the card regularly and pay it off on time every month.

Description : Who paid for the fraudulent charges on my credit card? and how do they know I didn't visit the strip club?

Last Answer : You were probably not the only one who was scammed. Often, they just don't pay the company where they charge was made, and sometimes they eat it. I cancelled a hotel reservation and was still charged ... for me I would cancel my credit card. American Express chose to eat it and keep a good customer.

Description : Who has the best secured credit card offer?

Last Answer : Your local credit union. Support local businesses, especially your credit unions!

Description : Can credit card companies take your home ?

Last Answer : mickhock What does your latest credit agreement with the Credit Card company say? The fine print may say that they can seize any items purchased on their card. Or if the amount is large and you have no other assets they could force you into bankruptcy.

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

Description : Does having only a debit card do absolutely nothing for establishing credit?

Last Answer : It sounds like you need to get a credit card. Just pay most of the balance off every month (I think keeping a small balance is better than paying the entire balance off every month, but I'm not 100% ... . If you have a cell phone bill, rent, utilities, etc., that's another way to establish credit.

Description : What is the best store credit card to apply for when trying to build credit?

Last Answer : Gas cards, pump gas with your card and pay it right away.

Description : Can I use paypal with my credit card?

Last Answer : Yes you can. I do it.

Description : How do I use a credit card to raise my credit score?

Last Answer : Always paying your bill on time keeps your credit score intact, carrying a balance doesn’t hurt you. To improve your score, have as few credit cards as possible and keep the credit limit low. Credit scoring companies look at how much credit has been extended to you as well as your paying history.

Description : What are some ways to protect yourself against credit card fraud?

Last Answer : use the cash machine inside the bank, thats what my mum does.

Description : How much have your spending habits changed in recent times?

Last Answer : My husbands pay was cut by about 25% recently, and we have been saving double what we were before, and eating out MUCH less. Thankfully we are still way above water, hopefully it will stay that way!

Description : Is there an easy way to establish direct deposit when you work for yourself?

Last Answer : Here is some useful information. Excerpt: Sole proprietors are considered self-employed and are not employees of the sole proprietorship. They cannot pay themselves wages, cannot have income tax, social security tax ... contributions. You have to set it up with a payroll service to do it, I think.

Description : For online payments, is it better to do it through my bank instead of using the payee's online payment system?

Last Answer : I use my bank's ez pay system. It's worked great for me for years. In the past our company ran into a problem with a credit card processing vendor who initiated a BS withdrawal from our bank (we ... them to submit a bill to your bank and the bank will pay the amount submitted if you set that up.

Description : How much is a typical down payment for a rent to own?

Last Answer : It varies from one owner to the next. Some require ZERO down payment where others are willing to have a percentage of the monthly rent applied toward the down payment. I'd venture to say that some who ... payment in hopes that the more you put into it, the more serious you will be down the line.

Description : Do you use Zelle or one of the mobile-based cash payment apps? What's your experience?

Last Answer : I’ve mainly used Venmo; I’ve used it many times. I’ve used Zelle only twice, but I’ve had no issues with either one. They come in very handy when paying restaurant bills.

Description : You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Last Answer : If my children really needed help.

Description : Is there a benefit to making a principle only payment on a simple interest loan?

Last Answer : Paying extra principle will reduce your interest costs. Sometimes the reduction is in the next payment, but there is always a reduction at the end.

Description : Can you make a partial payment to AT & T without getting your service interrupted?

Last Answer : Call and ask them. If you are upfront it is less likely to happen.

Description : Are there payment plans for paying traffic tickets?

Last Answer : answer:Hi, and welcome to ask-public. I don't know of any place that allows payment plans for traffic tickets, but I wouldn't rule it out, I suppose. If you can get the court to hear your plea ... -for, or to pay it on the spot otherwise. Better to owe your brother the money instead of the court.

Description : How much money will I save by making a weekly mortgage payment with an extra $30 per payment?

Last Answer : This calculator lets you plug in the details of your loan and the impact of extra payments. Welcome to the collective, by the way.

Description : How much is Too much (in terms of auto payment)

Last Answer : Btw, I know what “interest” is. I just don’t get how they could all of a sudden increase it…

Description : Can social services chase me for an alleged benefit over-payment that's from 11 years ago?

Last Answer : This is a question you really need to ask a local attorney, as attorneys from other jurisdictions may not know the correct statute of limitations.

Description : Will a two date late credit card payment effect my credit standing?

Last Answer : Yes, slow pays will affect your credit rating. Were they two in a short period of time? That’s worse than two over several years.

Description : Will my monthly payment due change because I spent to much on my Credit Card? (More detail inside...)

Last Answer : Your payments go up according to the current charges. If you paid the card back down to it's original balance that generated the $25 monthly payments, then yes, the balance of payments will be ... this month and only paid $59, the payments will remain elevated until the balance comes down again.

Description : What does ‘Minimum payment’ in my credit card bills mean. What happens if pay less than the ‘Minimum payment’?

Last Answer : It means the amount on the invoice is the MINIMUM amount you can pay on your bill. However, you can pay more. I wouldn’t pay any less, then you’ll have a balance (and possibly a late fee) which wouldn’t look good on your credit rating, esp. if you’re establishing credit.

Description : Is there any method other than check payment to pay off my credit card bills?

Last Answer : Yes, most credit cards allow you to link a checking or savings account of your choice. Then you simply transfer the amount you’d like between the two.

Description : Where can I find out my credit reort online for free with no credit card or any kinds of payment?

Last Answer : answer:https://www.annualcreditreport.com/cra/index.jsp That is the only legit one I know of.

Description : Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Last Answer : Yes, because the sum of $480 and $80 is greater than $520.2600x20%= 520

Description : How much does it cost to pay by credit card at the moment? You could hear about transaction fees and other charges. How are we doing now?

Last Answer : In 2015, the interbank transfer system will charge a fifth lower fee than before, and a relatively small annual fixed fee will be charged for a purchase with a credit card instead of a transaction fee. (The ... without it HUF 800 per year.) Of course, this can also depend on a bank account and Bank.

Description : Credit Card Minimum Payment Calculator?

Last Answer : Credit Card Minimum Payment CalculatorUse this calculator to determine how long it will take you topayoff your credit cards if you only make the minimum payments.Enter your credit card information below and press "View Report" tosee your payoff details.

Description : NEED TO CHANGE CREDIT CARD NUMBER FOR CONTINUED PAYMENT ON-LINE?

Last Answer : NEED TO CHANGE CREDIT CARD NUMBER FOR CONTINUED PAYMENT ON-LINE

Description : Make an Online Credit Card Bill Payment?

Last Answer : Credit card users can go to their card company's website to make online payments with ease. This is an excellent way to save money on stamps, time writing checks, and to avoid possible late ... way to avoid paying any possible late payment fees because the payment will always be made on time.

Description : Credit Card Bills Payment?

Last Answer : Paying your credit card bill can be a stressful thing for a lot of people. Deadlines approaching can bring a great deal of anxiety if you have not planned out how you are going to pay the bill. ... this payment is going to hurt your credit and make using a credit card more difficult in the future.

Description : Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Payment banks cannot issue loans and credit cards while at the same time current account and savings accounts can be operated by such banks.

Description : Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

Last Answer : d) E-cheque

Description : Which one is not an E-payment method used in India a) Debit card b) Credit card c) E-cheque d) None of the above

Last Answer : d) None of the above

Description : which one is not an E‐payment method used in India a. Debit card b. Credit card c. e‐cheque d. none

Last Answer : d. none