Originally Posted by
tmiw
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.
OP sounds as if they believe they are the type that can't resist spending a pile of money that is sitting around.
Originally Posted by
semidevilz
The reason I want to do that is so I can see the money withdrawn from my account, and it'll help me control my spending.
It would be an easy rationalization for someone with a rewards card and pile of money to think "I can take that vacation. Sure I've got $1000 on my CC, but I also earned 2% cash on it so it is no big deal to spend the $2000 in the bank and float the CC for a couple months (at 30%)". Obviously I don't know the OP, but I do know people who think like that.
While having a high utilization can hurt your FICO, that is just a snapshot in time. If you never use your credit lines, or it appears you never use them because you pay before statements close, it appears that you have no experience and will have a tougher time building a higher score.