this post was submitted on 03 Feb 2026
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Work Reform

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[–] cAUzapNEAGLb@lemmy.world 9 points 4 days ago* (last edited 4 days ago) (2 children)

Just as a heads up, you dont need to carry a balance and be charged interest - you can pay off your cards each month, and thus never accumulating interest, and still have an improved score; simply pay the statement balance before the due date

[–] Tower@lemmy.zip 3 points 4 days ago (1 children)

I've seen people have their cards cancelled for doing this. Rare, but not unheard of.

[–] twack@lemmy.world 7 points 4 days ago

If you're doing that you have zero need to bow to any single credit card company.

I don't even read 90% of the credit card offers I get, I have plenty of cards, and they are all at zero. Go ahead, cancel me. I'll have a new one in 15 minutes.

[–] CombatWombatEsq@lemmy.world 3 points 4 days ago (1 children)

I wish this were true, but I have personally seen my credit score go down when I finished paying off accounts like car loans. A FICO credit score is a measure of how profitable a customer you are, not how likely you are to pay it back. Credit cards are a particularly expensive way to do this, but lemme assure you that taking out a mortgage will do wonders for your score.

[–] cAUzapNEAGLb@lemmy.world 3 points 4 days ago

Yes, i was talking about revolving credit