Honest Finance's video: When to Pay Your Credit Card And Increase Credit Score

When to pay off your credit card to increase your credit score? Need a new credit card? Visit creditcards.com and be responsible 😎: https://bit.ly/hf_creditcards (click "show more" to see ad disclosure) If you want to potentially increase your credit score, you can pay down your credit card a couple days before the billing cycle ends. Whatever balance is leftover will most likely be reported to the 3 credit bureaus. This video explains why this is possible and how to do it correctly. Basically your credit usage (utilization) needs to be below 30% of your credit limit, so paying down your credit card can accomplish this each month. --------------- Robinhood Free Stock (Up to $200) with Sign Up: ► https://bit.ly/hf_robinhood Webull Up to 12 Free Fracional Shares (Each $3-$3,000): ► https://bit.ly/hf_webull M1 Finance (perfect for IRA's): ► https://bit.ly/hf_M1_Finance Instagram: ► https://www.instagram.com/honestfinance/ Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research. Chapters: 0:00 Intro 0:39 Credit History 2:22 Credit Usage 3:14 Credit Card Basics 4:41 When to Pay?