Does paying my discover credit card early prevent me from building credit?
I know they still report everything to the credit bureaus
- 1 week ago
No, it is often a plus when you're prompt together with your bill paying.
- SumDudeLv 71 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).
- StephenWeinsteinLv 71 month ago
No. If anything, it would help you build credit.
- Anonymous1 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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- D.E.B.S.Lv 71 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.
- Mama KimamaLv 71 month ago
No, it's always a plus when you're prompt with your bill paying.
- TavyLv 71 month ago
No it increases your credit rating.