Pay Credit Card off middle of the month?

rtho782

The reality is that nobody can give you a definitive answer here.

Credit worthyness, like beauty, is in the eye of the beholder.

Different providers provide CRAs with different levels of info, and different CRAs collect different levels of info from different providers.

Some credit cards will only report statment balance and if a payment was late to the CRA. This means that the only things that matter are if you make the payment on time and what the statement balance is. By paying it off in the middle you make it look like you have a lower statement balance. That same provider might provide a different level of information to another CRA.

Other providers will do the above, with the addition of flagging it if "only" minimum payment was made.

Some will provide a full breakdown of spending in the month, amount of payments in the month, etc.

But even if the maximum detail is held, when applying for something else only the minimum level may be paid for by the creditor.

Added to that, every creditor will have different things they see as important. Creditor A might go "hmm, he is clearing his balance twice a month, safe bet, lend him money". Creditor B might go "hmm, he's overspending, he's risky, don't lend him money".

There is no hard rule on this and nobody can tell you for certain.

turtletom100

rtho782 wrote: »

The reality is that nobody can give you a definitive answer here.

Credit worthyness, like beauty, is in the eye of the beholder.

Different providers provide CRAs with different levels of info, and different CRAs collect different levels of info from different providers.

Some credit cards will only report statment balance and if a payment was late to the CRA. This means that the only things that matter are if you make the payment on time and what the statement balance is. By paying it off in the middle you make it look like you have a lower statement balance. That same provider might provide a different level of information to another CRA.

Other providers will do the above, with the addition of flagging it if "only" minimum payment was made.

Some will provide a full breakdown of spending in the month, amount of payments in the month, etc.

But even if the maximum detail is held, when applying for something else only the minimum level may be paid for by the creditor.

Added to that, every creditor will have different things they see as important. Creditor A might go "hmm, he is clearing his balance twice a month, safe bet, lend him money". Creditor B might go "hmm, he's overspending, he's risky, don't lend him money".

There is no hard rule on this and nobody can tell you for certain.

It does appear that nothing is black and white. But I am going to use both cards in the space of the month and repay the total amount at the end of every month via direct debit. With regards to the use ill just use it and always make sure there is between £10 and £20 available at all times whilst the limit is £200.