Anonymous asked in Business & FinanceCredit · 1 month ago

Does paying my discover credit card early prevent me from building credit?

I know they still report everything to the credit bureaus 

7 Answers

  • 1 week ago

    No, it is often a plus when you're prompt together with your bill paying.

  • 1 month ago

    Define "early." I say WAIT for the monthly statement, review it, and pay within terms.  If you pay the bill before the cut-off day (and thus show "no" activity this could be not beneficial for your credit score).

  • 1 month ago

    No.  If anything, it would help you build credit.

  • Anonymous
    1 month ago

    Of course not. But there is little benefit to paying early unless you are already paying interest or you are using a large percentage of your available credit. And you should never pay interest.

    I pay mine the last possible day with autopay. The cards pull from my bank account on the due date. Not before. I earn interest in the interim.

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  • 1 month ago

    Having credit and showing you pay on-time consistently is what helps.  Paying early doesn't do anything for your credit in the long run.

    Your balance, if a large percentage of your total available credit, can affect your credit score for that reporting period.  That does not have a lasting affect, however, so if this is only a concern if you are looking for a loan at that time.  Then keep the balance low since you don't know exactly when it will be reported.

  • 1 month ago

    No, it's always a plus when you're prompt with your bill paying.

  • Tavy
    Lv 7
    1 month ago

    No it increases your credit rating.

    Good payer.

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