You’re paying off your credit card wrong! This is why your credit score gets decreased.

Have you ever wondered why your credit score decreased even though you paid all your credit cards fully and on time?

It could be because you might have used more than 30% of the credit limit of your credit card. Yes, it sounds funny. If we should use only 30% of the limit, then what’s the use of the limit? Sadly, this is how the credit agencies work. Let’s see how we can spend more than 30% of the limit:

➡️ We have to keep the credit card usage under 30% of the credit limit on the billing date. So if you need to buy something with 80% of the credit limit, make sure to pre-pay your card due at least 3 days before the bill generation date. Make sure not to carry over any payment. And always pay the whole bill on time.

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Видео You’re paying off your credit card wrong! This is why your credit score gets decreased. канала Rohit Kashyap