Is it better to pay credit card in full weekly or monthly?

Question

I have been paying my bills in full monthly after I get my billing statement. But my husband got an idea from another person that paying your credit card in full weekly will jack up your credit score compared to just paying monthly in full. Is that true?

Answer 1

As long as you pay the full amount with your 30 days you will avoid interest and it will look great on your credit. If you have trouble setting the money aside and might spend it before paying your bill at the end of each month then pay weekly. It is really more of a matter of what works best for you, but as far as the credit card company and the reporting agencies it does not matter as long as it gets paid.

Answer 2

Monthly or whenever you want to really. Make your money work for you and keep it in your hands longer though... I would pay monthly if it were me.

Answer 3

Unless you are hitting the credit limit every week, there's really no reason to do so.

Answer 4

Paying it off weekly won't be any different than paying it off monthly.  When you look at your credit report, it will not have a +2 because you paid it off weekly.  It will just say that the payment is not late.

Answer 5

Pay the amount in full when the bill is due, which is monthly.  There is no benefit to paying the full balance off earlier than the due date unless it gives you greater peace of mind.

Answer 6

Weekly, of course.

Answer 7

Every payday is best.

As long as you have a budget, then you know where the money will go.  So send it as soon as you get it, to reduce your interest charges.

Answer 8

pay the bill in full when you get. creditors only send out bills once a month so pay it in full then.

Answer 9

I didn't know you could pay it off weekly, since you only get a statement once a month. Without a bill I don't see how you could pay it off weekly, you wouldn"t know how much to pay.  I always pay mine in full each month. This avoids you from having to pay any interest. I don't get the point of paying it weekly, even if it was possible to do so. When you get your monthly statement, pay it in full.