About When to Pay Off Your Credit Card and Increase Your Credit Score!

When to pay off your credit card to potentially increase your credit score? Need a new credit card? Visit creditcards.com and be responsible 😎: https://bit.ly/hf_creditcards (click "show more" to see ad disclosure) If you want to potentially increase your credit score, pay down your credit card as far down as you can a couple days before the billing cycle ends. Whatever balance is leftover will most likely be reported to the 3 credit bureaus. Basically your credit usage (utilization) needs to be below 30% of your credit limit each month, so paying down your credit card can accomplish this every single month (especially when you make an extra payment a couple days before the cycle ends and is reported). --------------- Robinhood Free Stock (Up to $200) with Sign Up: ► https://bit.ly/hf_robinhood Instagram: ► https://www.instagram.com/honestfinance/ Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research. Chapters: 0:00 Intro 0:40 Credit History 1:17 Payment History 2:38 Credit Usage (Utilization) 3:33 Credit Card Basics 5:04 When to Pay Off Credit Card? #creditscore #creditscoreboost #creditrepair