Does paying my credit card twice a month help my credit score ?

I've had my first credit card with capital one for six months now and have been paying my credit card $100+ every 15days (minimum payment of $15), but my balance remains 80%- 90% full due to my usage. Is this good or bad for my credit score ?

Public Comments

1. Nope, it will not help, what helps is that you pay it on time, it said that even if you pay all of ur credit cards your credit score actually gets hurt.
2. No, it will not affect your score. You need to pay ALL of you bills on time and not overextend your debt to income ratio.
3. Multiple payments will not effect your credit score. But that is not a bad habit to get into. Your credit sore is effected by utilization. That is the current balance / credit line. Try to keep your utilization below 50 to 60 %. a>
4. Your credit score is only effected by the following with respect to unsecured credit: 1. Late payments reported by the creditor. 2. High balances with only minimum payments made. 3. Closing the account with no balance. ( Creditors reviewing your credit report consider recently closed accounts a questionable act if done by the consumer.) 4. Making high monthly payments as if to pay off the account early has no value to your credit score. Paying on time and consistant is all the credit agencies look for. The biggest value to your credit score which creates high scoring numbers is good performance for secured loans such as homes, cars, boats, etc. Credit cards have little value to your score unless you fall behind.
5. You should make it a practice to pay your credit cards off completely before your due date each month, so that you pay zero dollars of interest. That is, forget about using credit cards for credit and use them only as a means of making payment. Move your life onto a prepaid basis, so that you are keeping 6 months or more of income in savings. Then, start building some investment equity. Don't spend your life as a debtor.
6. No it will not help your credit score. However, if you are slowly paying down your debt and improving your utilization ratio, your score will start to creep up. I just wrote an article on what goes into a credit score and 5 steps to raise that credit score. If you want to check it out, here is the link: http://www.beechin.com/personal-finance/5-steps-to-raise-your-credit-score/ Good luck and I hope you're successful!