FlyerTalk Forums - View Single Post - Using credit card only and paying it every week
Old Dec 1, 2015 | 12:47 pm
  #12  
tmiw
FlyerTalk Evangelist
All eyes on you!
10 Years on Site
 
Join Date: Jan 2014
Location: San Diego, CA
Programs: GE, Marriott Platinum
Posts: 15,741
Originally Posted by tev9999
You will not accrue interest as long as you pay the full statement balance before the due date. Statements close monthly, so there is really no advantage to paying weekly. If you don't have the discipline to let your money sit in a checking/savings/bill pay account for a month you probably won't do too well at making a profit from credit cards.
For someone starting off with credit, paying more often than once a month can reduce the utilization reported to the CRAs and can result in a slightly higher FICO score as a result. The effect is greater with lower limits though.
tmiw is offline