Do you make extra credit card payments?

[creditcardfree]

Re: Do you make extra credit card payments?

For those of you trying to get out of debt on your cc, any extra sent in with your payment will help reduce the debt you owe...send anything and everything you can.

[CraigThor]

Re: Do you make extra credit card payments?

I pay mine off as soon as the item clears online, usually about 2 days after I purchase. Sometime I wait 3-4 days if I'm waiting to be reimbursed at work.

Craig

[Elgin526]

Re: Do you make extra credit card payments?

The one I pay off in full each month, I just pay the full amount in one payment.

The one I'm making payments on, I pay the minimum the day the statement is available online to insure I'm not late and screw up my 0% interest promotion. Then I send a second payment with whatever extra I can afford that month (which lately, hasn't been anything! Stupid truck repairs...)

[vsjhoc]

Re: Do you make extra credit card payments?

When I was heavily in debt, I sent each creditor $10.00 over my monthly payment. I never sent the minimum. Even if it is a $1.00 over , your account will say "Pays more than the minimum" which looks pretty good upon review of your account I would imagine.

I don't think that the credit reports show "pays more than the minimum." They show the amount of your minimum payment, and how much you paid when it was most recently reported. If you pay at least the minimum on time, it shows "pays as agreed." The FICO score considers your outstanding account balance relative to your credit limit. So it otherwise doesn't matter how much you paid in relation to the minimum amount required.

[veronak]

Re: Do you make extra credit card payments?

I have been paying extra on my cc's since the first part of the year

[amberbamber]

Re: Do you make extra credit card payments?

On CC's that we use for fixed bills, I pay in full each month. The now $10000.00 CC we have, I am sending in a payment every two weeks- usually around 200.00. I am trying to pay it off as soon as possible!

[frugalmomof1]

Re: Do you make extra credit card payments?

I pay my gas credit card in full every month. I schedule the payment (with BillPay) a few days before the due date when the bill arrives.

Right now I owe a little over $2700 on my Discover Card (0% until March 2007). I schedule what I think I can afford with BillPay when the bill arrives, and then increase the payment amount if I have extra money before it is due.