I have no debt credit card, is this good or bad?
My wife and I made a commitment to get out of debt. Our plan started in February and we have cleaned up credit card accounts. We still have a vehicle that is making payments (more than the minimum) and loans student. For credit cards planned for the balance and just keep sending $ 0 to $ 5 per month to each card, to obtain a credit balance. Is this well, do we still use the gas card to say just what it takes to balance each month? I do not want to close them as my wife has little or no credit history. I prefer out of sight of mind and use our debit card for purchases, but I want to improve my history and establish his own. Any jackals would be greatly appreciated.
Agreement open accounts is definitely good for your credit history as long as you stay within 25% of their total credit. As you have paid everything off, try to use the credit card only once a month and pay the full balance. My husband and I have a good system – we've created a VERY special day a month (not necessarily expensive, Special only) and use the credit card for all purchases related to dates. Usually runs about $ 50 to $ 100. Then we paid in full. We know there was a lot of fun using that credit and then literally put the card in the freezer until the night of next month date. It is an easy way to establish credit in a responsible manner and is much more fun than spending a little boring, like gas or groceries. 🙂
Dateline NBC – Credit Card Debt Trap Part 3 of 10
