Can 0% spending credit card affect your credit score

cjw

Can 0% spending credit card affect your credit score if you have a credit card that has 0% spending for "24" months and you pay more than the minimum but not the full balance each month?


Thanks in advance.

[Deleted User]

No. .

Not_skint_anymore.

If you keep spending on it and not paying off the balance, your ratio of credit compared to credit limit could increase, that could affect your score.

Thrugelmir

You are in debt. Which ever way you look at it. There's no positive only negative.

fromtheshires

Thrugelmir wrote: »

You are in debt. Which ever way you look at it. There's no positive only negative.

Not always. Sometimes a 0%cc may look like a negative and has affected my 'score' due to looking like I have a high debt to limit ratio (just simmering below maxed out), I have the money to clear the card sitting in a 5% account to be called when needed (unless I do a balance transfer to another 0% card). I can't see me having this card as a negative whilst I am earning 5% on that money I otherwise wouldn't have access to.

Thrugelmir

fromtheshires wrote: »

Not always. Sometimes a 0%cc may look like a negative and has affected my 'score' due to looking like I have a high debt to limit ratio (just simmering below maxed out), I have the money to clear the card sitting in a 5% account to be called when needed (unless I do a balance transfer to another 0% card). I can't see me having this card as a negative whilst I am earning 5% on that money I otherwise wouldn't have access to.

I was speaking with a lenders hat on. Whatever score you perceive to have is meaningless. As it's my internal policy and criteria as a lender that counts.