Every Little Helps?

edited 30 November -1 at 1:00AM in Credit File & Ratings
1 reply 622 views
JayneTayJayneTay Forumite
64 Posts
edited 30 November -1 at 1:00AM in Credit File & Ratings
Would it help my credit rating if every month I paid the balance off my credit card and used it to do my online food shopping?

I won't be paying much off it, but will obviously be paying it off every month, then starting again.

Will this be a good step towards building my credit rating or not?

Its the only credit card I have and I only have £200 remaining on it.
Starting to money save and be money smart! :j


  • guesswho2000guesswho2000 Forumite
    1.7K Posts
    Tenth Anniversary 1,000 Posts Uniform Washer
    Not quite clear what you're saying here? You have an outstanding balance on this card and are asking whether using it for shopping (let's say £200 per month for arguments sake) then repaying the full £200 plus a bit of the outstanding balance?

    If so, it won't make a difference, as long as you're repaying the existing balance as it is then it'll be doing its job as far as improving your rating goes.

    In fact, using it and repaying what you use plus a bit will actually cost you more, as you'll be paying interest on your additional purchases from date of purchase until repaid, since you're not clearing the balance in full each month.

    Once you've got it to zero, then use it for all normal spending and repay in full, you'll be borrowing for up to 56 days for free, plus keeping your account active and building on those green zeros!
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