 TITLE: Is It Better to Pay My Credit Card Bill Weekly or Monthly? CONTENT: How Often Should You Pay Off Your Credit Card?\n----------------------------------------------\nCredit cards are useful tools for building credit, since keeping your credit utilization low and paying your bill on time will have a significantly positive impact on your credit score.\nBut to get the most benefit from your cards, commit to charging only an amount that you can afford to pay off by your due date each month. This will make it less likely that your balance will balloon to a point at which it's overwhelming, possibly keeping you in a cycle of making only the minimum payment and accruing interest. If making one larger payment each month doesn't work well with your budget, it may be wise to pay down your balance more often.\nMaking smaller weekly payments, or even two or three payments in a month, spreads out the impact on your checking account balance. You won't have to worry about a large withdrawal exiting your account once a month, potentially around the time when you also need to account for rent and other bills.\nPlus, consistently reducing your credit card balance throughout the month means any interest that accrues will accrue on a smaller balance, limiting the overall interest you're charged. (If you pay off your full balance each month as planned, though, you'll avoid paying any interest at all.)\nFinally, making multiple payments regularly lowers your credit utilization ratio, which measures the amount of available credit you're using at any particular time. Experts recommend keeping utilization below 30%, and the lower, the better. Making an extra payment before your statement closing date means the credit card issuer will report a lower balance to the credit bureaus, which could help your credit score.\nAlso, since credit card issuers report your balance data to the credit bureaus at different times throughout the month, your credit score could benefit from multiple small payments and a consistently low credit utilization ratio—more so than, for example, high credit utilization all month followed by a full payment after the statement closing date that brings it to 0%. END