Jacksonville Business Daily

Does it hurt my credit if I make numerous small transactions?

Basically does it hurt my credit score if I practically put all my small and large transactions on my credit card, and I pay all the bills on time. Other than just earning a lot of points, are there any other advantages?

Public Comments

1. Doesn't hurt your credit. Other advantage is you get the 20 or so day float of money.
2. What is measured for your credit score is that you borrow and you pay on time. If you are keeping current, you should be doing really well for your credit score. Someone who looks at scores for his business all the time, told me that the best score he had seen was 824 out of 830. It was an 80 y. o. lady paying on 15 mortgages on rental properties. All properties were paid by automatic withdrawal so they were always paid on time.
3. Any purchases are good as long as you pay off the balances, without any late payments.
4. no, it does not affect your credit in bad way at all- if you pay your bills on time and keep your credit card balances below 40% of your credit limit.
5. Maybe. When you add 25% to your previous month's balance, you credit scores drop. When you go over 50% of the limit or over 75% of the limit, or just over the limit, your scores drop.