Is it better to not use paid off credit cards or use them for small purchases to increase FICO credit score?
I paid my credit cards to zero balance. Should I stop using them or use them for small purchases to increase my credit score? The only other obligation I have is a car loan
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- I would suggest that you only use it for a FEW small purchases because that will continually help your payment history and score. Also, personally what I do is I will pay it off and maybe not use it the next month, then place a $5 - $20 charge the second month and pay it off and then not use it the third month and then repeat. I do this because you do not have to charge every month to have a higher fico score and as long as it does not go unused for 3 - 6 months many credit card companies will not clse the account.
