Paying off a credit card?

Question

Is it bad to pay off your credit card before the statement balance comes out? Or should I wait till the statement is ready? Or pay it halfway before it's due or what?

Answer 1

It is always best to keep a zero balance on your credit card.  If you mail your balance 5 working days prior to the due date, you will not be charged any interest.  

Answer 2

Not usually.  You should just call the company and make sure that they do not have a penalty for an early payoff... Usu sally that is with a loan, but it is just a quick call, and I wouldn't trust these companies these days.