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Old 06-30-2014, 09:00 AM   #10
DaFonz
RS has made me the bitter person i am today!
 
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Quote:
Originally Posted by VanBCguy View Post
Increase your credit score fast? Use the card for simple things like gas and groceries. Make the minimum when the bill is received. Then pay off the rest of the balance back to zero approx. 2 weeks later. Watch your credit score sky rocket upwards.
Your payment history is reported maybe once a month. That means it makes no difference whether you pay off in one amount by your due date or several amounts. It usually takes 30 days of being late to be reported to the credit bureau.

If one is ok with paying frequent payments (e.g. paying off the entire balance twice a month), then that helps you not because you're making multiple payments, but because it keeps your utilization down.

Doing what you suggest while harmless, won't do anything.
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