In the past year have you paid your credit card balances in full each month?

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Now, will you vote below and tell us if in the past year you’ve paid your credit card balances in full each month? It’s okay if you have, and it’s okay if you haven’t. We’re all in different boats (er, RVs). Thanks for voting.

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31 Comments
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Richard Winchester
8 months ago

Every month without fail. We use them when on the road. They are nice to have but I don’t like giving financial company’s my hard earn money.

Jim Prideaux
8 months ago

Months can go by before I use currency. Keep 2 $50 bills in my wallet for those rare occasions where they don’t take CC. Depending on card I get back 1.5 to 2 percent of charges so I love charging everything. Racked up so much I used the cashback to pay off the monthly balance once. I’m talkin’ a 4 figure balance.

B-AZ
8 months ago

So glad to see 86% of us are not carrying debt month to month. I decided in my 20s that if I couldn’t pay cash for ‘it’ I couldn’t afford it. I have only made house and car payments long-term, and even those got paid off early too. Everything else gets paid for within 30 days at the latest, otherwise it isn’t a bargain!

Pahs
8 months ago

If we didn’t pay those important CC off each month,,we wouldn’t get our good % age back every year. Or the good promotions. Not to mention the good credit numbers,,and a good nights sleep LOL

Bob Weinfurt
8 months ago

I paid off two of my cards and my credit score dropped so now I maintain a small balance and make monthly payments.

mike
8 months ago
Reply to  Bob Weinfurt

You fell into the credit card trap, kinda like ransom. Either you keep a balance and pay interest or we’ll drop your credit card score. Multiply that by millions of customers and the small interest = handsome profit. Just a thought.

Jim Prideaux
8 months ago
Reply to  Bob Weinfurt

I’ve always paid my cards off each month and my score is in the high 700s.

Dallas
8 months ago

Your polls have stopped loading. I have used many browsers and changed the popups too no avail.

Rvafterlife
8 months ago

Pay off once the charge clears every time. We just use the card for the free $$$ we get back for using it. If we never pay any interest then they are paying us to use the card… sounds good to me.

David Allen
8 months ago

My wife pays them when she sees the bill on line each time. Whether it is due or not. We struggled financially when we were starting out and she has never liked owing anyone since. Now that we are older and can do this, it is okay with me. She would prefer to pay everything with a debit card straight from our bank account but I have been able to convince her that we get extra cash back on some purchases and a little cash back on some, so she tolerates me. 🙂

I am actually surprised that the credit card companies don’t cancel me. I have not paid a cent in interest in over 20 years.

Chuck B
8 months ago
Reply to  David Allen

The credit card companies collect a “fee” for every transaction you make. So they are doing quite well thank you, even if you pay off your balance.

Gene Bjerke
8 months ago

Strange choices, given the question. When we are on the road I run up a substantial credit card balance, which I pay down over the succeeding months. When that is paid off, I pay my balance every month until we hit the road again.

Sues
8 months ago
Reply to  Gene Bjerke

when we are on the road I call each card company for the balance on a particular day and pay it on line that day.

Jim Prideaux
8 months ago
Reply to  Sues

Why not just pay it off when you get the monthly statement?

William T Elliott
8 months ago

Paid off every month.

Dpsdebi7
8 months ago

We pay balances off every month…don’t like owing anybody!

jillie
8 months ago

Unless we have the money we pay off all CC bills. But normally I only do cash. With an art student it gets expensive. So we are in the middle with this answer.

Ron L
8 months ago

I have never made a cc payment…never; hence, my credit score is always between 825 and 850.

Mark J McGovern
8 months ago

I use my credit card instead of cash and checks and I pay it in full every month. Using my c c this way gets me the points and I’m fortunate to be able to pay it in full every time.

PennyPA
8 months ago

No. 😞

Irv
8 months ago

I use a credit card in place of writing checks and pay it off every month. I haven’t seen any evidence that this hurts our credit rating.

Glenda Alexander
8 months ago

I always pay off my credit card balance every month. I’m appalled that this lowers my credit score, though. In the olden days that would have been a very good rating.

Ron L
8 months ago

I don’t think it does lower your score…. it sure doesn’t mine.

Sharon W.
8 months ago

I pay off my credit card balance every month also. I have noticed that I get credit score notifications that my credit score has changed (gone down 1 or 2 points) right before the due date of my credit card bill. That’s because there is a large balance. Right after the credit card company receives my payment in full, I usually get another credit score notice that my score has gone up! ( 1 or 2 points) This happens every month, so maybe that’s why your score goes down.

john1470
8 months ago

Only use credit card for emergencies – so far so good, no use in over two years.

Monty
8 months ago

I use 0% credit cards and pay off the cards in proportion of how many months I have left of the promotion

Bill
8 months ago

Have 6 cards for airpoints, cash rewards and fuel discounts. Haven’t carried a balance since about 1995. Use a card for car or RV downpayments to get mile points, finance to get the dealer incentive. Month 1 pay it down to leave a small balance that will pay off in 5 more months. Because banks will take back the dealers incentive if paid off in less than 6 months. Do it like this and your total interest will be less than $20 for an incentive that’s $1000 or $500. My mortgage was done in 2006.