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Practices & Tips For Paying Your Credit Card Bill & Increasing Your Score

Updated: Nov 24, 2023

Paying off your credit card bill should be pretty simple: pay at least the minimum amount each month & you will be in the clear right?

Depending on who you ask.

In my opinion, there are a few other things you should know & consider.

First of all, it’s important to know how to pay your credit card bill in order to avoid interest fees and establish a positive credit history. *Remember, payment history makes up 35% of your score & length of credit history makes up 15% - being up to par in these areas can result in an increased credit score* 🧠📝

It's important you understand a few of the terms you may see in your statement.

Names & formats will vary depending on the lender, but each statement will have the same basics:

  1. Statement balance: The amount due for the current statement period - sometimes called the new balance or outstanding balance.

  2. Minimum payment warning