How much over my minimum monthly credit card payment must I pay for it to improve my credit?

K H asked:


I know that paying more than my minimum monthly credit card payment will improve my credit. But how much more do I have to pay? $1? 50%?

Brad

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Tags: Credit Card Payment, Improve Credit

This entry was posted on Friday, May 29th, 2009 at 2:24 pm and is filed under Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “How much over my minimum monthly credit card payment must I pay for it to improve my credit?”

1. Ryan M Says:
   May 30th, 2009 at 5:36 pm

   How much you pay monthly has NO bearing on your credit score. What matters is the balance in relation to available credit.

2. Kojak Says:
   May 31st, 2009 at 5:16 pm

   pay as much as you can afford to

3. Angeleyes78 Says:
   June 1st, 2009 at 7:48 pm

   You need to keep your debt-to-credit ratio down! For instance, if the limits on all your credit cards are $1000.00, Try to keep the total amount of what you owe under 20% of that $1000. The less debt you owe on your cards is what to strive for!!

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