First credit card cross-examine..please aid? im 22 and just get my first credit card..its a macy's card

im 22 and just get my first credit card..its a macy's card to be exact. since i have no credit history my plan be to buy a few small purchases each month and next the day that bill comes clear it off contained by full to build good credit...BUT...a coworker said that its better if i dont recompense it all bad at once but instead pay more than the minimum respectively month and not pay it rotten entirely because then it shows im competent to pay more than the minimum and that looks worthy...but wouldnt it look better if i paid it sour entirely right away? im so confused please help I have two cards, i take-home pay over the minimum each month , i own heard that you should pay packet it off contained by full when its due. also if you dont want to use it anymore make sure you annul it with the company its near and not just cut it up. If you hang on to it but dont want too use it, just foot your gas with it and compensate it off contained by full when its due. My two cards i set up bill pay for the daytime before its due next i dont have too verbs about forgetting to wages.

You don't entail a credit card balance to build your credit. Pay adjectives of your normal bills (phone, rent, cable, utilities, etc) in good time each month and you will build a positive credit history. Don't cogitate that you have to pay envelope interest to get a credit ranking! The best thing to do is not bring into the habit of using credit cards; you may procure a higher credit ranking, but you will also spiral into a lifetime of debt

1. You do not hold a card issued by Macy's. You have a card issued pay packet a bank that have made a deal beside Macy's to get to issue cards next to Macy's name. If nearby is a problem at any future time, you will own to resolve it with that edge, not Macy's. That bank, not Macy's, decide what interest to charge, whether your payments were slowly, and everything else.

2. Pay it in full respectively month. That will help your credit at most minuscule as much as paying less, and you will avoid interest charges.

Credit Advice: Learn how to use your First Credit Card

If you have successfully be approved for your first credit card then congratulations are within order. You sure want to do a great job of keeping the report paid prompt as well as staying near a low balance. Some individuals go crazy when they get hold of their first credit card and go shopping for everything lower than the sun. They are then not here struggling to pay bad the balance for a long time to come.

http://www.easy-creditcard.com/credit-ca... reimburse it all rotten. better to not be in debt

look at what not paying it adjectives off did to this guy:
http://answers.yahoo.com/question/index;...

Banks resembling when people nick 2-3 months to pay for their credit cards so they can procure the money from the interest of the amount you didn't pay respectively month. When I got my first card when I be 18 I used to pay it past its sell-by date and I now hold a really good credit history.

My suggestion, don't let the bank take your money, if you can, discharge it off! I've paid credit card bills surrounded by full all my go. My credit history is excellent. No problems when I bought cars and houses. Do not listen to your friend.

Your co-worker is right pay stale the minimum i did that and i didn't build any credit. It sucks to say but you enjoy to pay money (interest) to build your credit

freshly pay more than the minimum amount respectively month as it shows that you can pay it monthly thats how you capture good credit and not adjectives at once as the company might think that the money to repay it be just a once rotten and next credit card you receive they might think that you wont know how to pay if ya know what i propose lol i cant explain it in writing

soz if this is no back to you

In 30 years I enjoy always salaried off credit card bill within full each month. I enjoy excellent credit. Pay the bill and do not accrue any interest.

Answers: Paying it rotten in full or only just part of it affects your credit ranking. Either way is fine as long as you DO NOT charge more next 20% of your available balance.

Credit history is used to see if you can produce payments in a timely attitude and keep your accounts below control. It shows if you can handle credit or not.

So your choice to wages in full everymonth or clear at least more afterwards minimum is yours to make, purely DON'T ever be late, miss a costs or go over your credit mark out, then your mark will drop like a rock.

Good luck next to the account and dally a while before you apply for a regular credit card. Watch out or those pre-qualified offer you will soon get. Many enjoy hidden fees, outragious APR's or montly fees. Read adjectives the fine print on every application before you produce a decision.

Here is a site to download a copie of how FICO works
http://pueblo.gsa.gov/cic_text/money/cre...
All in the region of FICO scoring.

It will explain how credit works.

Hope this answers your question.
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