Credit cards. How do you pay yours?

Redz · 10 Mar 2011 at 12:28

Assuming you have a CC and use it, how do you pay? Do pay the minimum payment each month or do you pay off the whole amount owed each month?

I'm not too sure which helps improve your credit rating more so I've gone to paying the minimum payment per month with a weekly standing order for 1% of the balance.

I don't know whether this method will improve my rating but it does reduce my balance a little quicker.

So how do you manage yours?

Cosimo · 10 Mar 2011 at 12:30

I always pay them off each month.

Badgi · 10 Mar 2011 at 12:30

I just pay off what I can, when I can.

Casdawer · 10 Mar 2011 at 12:31

I pay £50 in to it each month and then any money left over, i put that into my CC.

Currently have £1400 outstanding on it.

Russinating · 10 Mar 2011 at 12:32

In full every month. I just use mine like a debit card rather than a credit card.

[TW]Fox · 10 Mar 2011 at 12:33

Direct debit in full.

Kerplunk · 10 Mar 2011 at 12:33

I whack £200 on each month, got £1,100 left to pay off - Nearly there!!

Jono · 10 Mar 2011 at 12:35

Usually in full each month, except this month which I somehow messed up the payment I think....CC company didn't seem to get it - do it via online banking manually.
So for my whopping £25 bill, I get a £12 late payment charge. yay!

Now I pay in full via direct debit... :rolleyes:

dekez · 10 Mar 2011 at 12:36

Russinating said:
In full every month. I just use mine like a debit card rather than a credit card.

Same here, I just use it as a buffer so I don't go overdrawn on my current account accidently.

Also for extra protection when buying things online, my card has been cloned twice in the past and each time the card provider was very quick to shut it down and I wasn't liable for anything.

Spikey · 10 Mar 2011 at 12:36

Used to pay it off in chunks or ideally in full, but sods law things pop up from time to time which hampered me paying the lot off! Not got a penny on it now and don't intend to use it again, evil things!

Wynthorpe · 10 Mar 2011 at 12:37

Pay off in full every month, but its only around £250 anyway as use for fuel only.

MikeHunt79 · 10 Mar 2011 at 12:37

In full every month.

paulh · 10 Mar 2011 at 12:38

[TW]Fox;18640710 said:
Direct debit in full.

Colasanto · 10 Mar 2011 at 12:38

Never had one...

#Chri5# · 10 Mar 2011 at 12:39

In full, every month.

Properly "managed" and used, CCs provide good benefits and are only evil for those with no self control.

Caseh · 10 Mar 2011 at 12:39

I just use it instead of my Debit card, so it's paid in full every pay day.

Hzza · 10 Mar 2011 at 12:40

I pay my insurance and road tax on it, then pay about £200 a month until its paid off. I used to have a savings account to do the same thing, but houses are expensive and we needed the money for the mortgage

.

wnb · 10 Mar 2011 at 12:40

Pay it in full every month that way I'll not get in debt

Yas786 · 10 Mar 2011 at 12:40

Pay mine in full end of each month...i just ring them up direct and make the payment there and then.

I could do a direct debit but im too lazy to set it up

Craig1981 · 10 Mar 2011 at 12:42

I always pay off the full amount every month.