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Credit rating

Credit rating

Old Jan 23rd 2008, 8:41 pm
  #1  
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Smile Credit rating

Hi everyone

Does anyone know whether a credit card that HAS to be paid off every month counts towards your credit rating?

Thanks for any help
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Old Jan 23rd 2008, 9:00 pm
  #2  
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Default Re: Credit rating

Originally Posted by Braintreegirl
Hi everyone

Does anyone know whether a credit card that HAS to be paid off every month counts towards your credit rating?

Thanks for any help
It does 100%

although it can show a higher utilization rate compared to a regular credit card
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Old Jan 23rd 2008, 9:57 pm
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Default Re: Credit rating

Originally Posted by Braintreegirl
Hi everyone

Does anyone know whether a credit card that HAS to be paid off every month counts towards your credit rating?

Thanks for any help
Read this BE Wiki article:
http://britishexpats.com/wiki/Fatbri...it_and_Finance
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Old Jan 23rd 2008, 11:30 pm
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Default Re: Credit rating

Sorry, would you be giving me the same answer if it is an amex charge card?
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Old Jan 24th 2008, 12:27 am
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Default Re: Credit rating

Originally Posted by Braintreegirl
Sorry, would you be giving me the same answer if it is an amex charge card?
If your question is: "Will using an old-fashioned green AMEX charge card influence my credit rating"?

The answer is "Yes".
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Old Jan 24th 2008, 1:32 am
  #6  
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Default Re: Credit rating

Originally Posted by Braintreegirl
Sorry, would you be giving me the same answer if it is an amex charge card?
As long as it's a U.S. issued one.
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Old Jan 24th 2008, 6:09 am
  #7  
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Default Re: Credit rating

Originally Posted by Braintreegirl
Sorry, would you be giving me the same answer if it is an amex charge card?

Yes, I have amex charge and credit

get one of each

they have great service

i use my amex charge for everything except when the vendor does not accept amex like my local liquor store and the local mexican restaurant i frequent...
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Old Jan 24th 2008, 11:46 am
  #8  
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Default Re: Credit rating

Thanks for your help as always
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