Really Easy Credit Card Question....?

Question

I just got a really low limit ($200) credit card, just to help me raise my credit score.

The limit is $200. The minimum monthly payment is $25.

Strictly for the purpose of raising my credit score, is it better to use maybe $100 of that, and make a minimum payment ON TIME every month to show that I am making on time payments? Or pay it off in full every month?

What are the benefits from both ways?

Thanks!!

Answer 1

It is always best to pay it in full each month just to avoid accumulating finance charges. But so long as you make the minimum payments your credit will improve.

Answer 2

The most important thing you can do is to pay on time.

Answer 3

pay in full monthly and over time your scores will soar