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Old Jan 23rd 2008 | 8:41 am
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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
 
Old Jan 23rd 2008 | 9:00 am
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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
 
Old Jan 23rd 2008 | 9:57 am
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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
 
Old Jan 23rd 2008 | 11:30 am
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Default Re: Credit rating

Sorry, would you be giving me the same answer if it is an amex charge card?
 
Old Jan 23rd 2008 | 12:27 pm
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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".
 
Old Jan 23rd 2008 | 1:32 pm
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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.
 
Old Jan 23rd 2008 | 6:09 pm
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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...
 
Old Jan 23rd 2008 | 11:46 pm
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Default Re: Credit rating

Thanks for your help as always
 

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