Does Amex pay over time hurt credit?
Does Amex pay over time hurt credit? Doing so won't have a significant impact on your credit score, as long as you continue to make your minimum payments on time, but the rapidly accruing interest quickly overshadows the value of any free travel you might be earning.
What is the downside to Amex pay over time?
Doing so won't have a significant impact on your credit score, as long as you continue to make your minimum payments on time, but the rapidly accruing interest quickly overshadows the value of any free travel you might be earning.
Should I pay off my Amex every month?
Paying your credit card balance in full and on time each month can help you optimize your credit score and avoid certain fees. You'll pay more in interest if you make only the minimum payment each month.
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.