I just recently got back my credit score of 711 I barely started my credit journey about 7 months ago. But I start an apprenticeship soon and I need a tablet. Would it look bad on my credit if I get a tablet and pay it off over time? Or is any amount left after your due date passes a bad thing? Mind you my limit is 1,000 and the tablet I want is about 400. Also if it matters I've never been late with a payment.
Is it to soon to have big purchases on my card?
byu/Dramatic_Ad4892 inCreditCards
Posted by Dramatic_Ad4892
4 Comments
If you don’t pay it all off by the due date you will be charged interests which is not the point of a credit card
It’s fine, you will pay interest but it won’t negatively affect your credit.
The definition of responsible revolving credit use means paying your statement balances in full monthly. If you plan to spend $400 on something, a $400 statement will generate and the expectation is that you’ll pay that $400 statement balance by the due date. Credit cards are not for paying “over time” as that means throwing away money to high interest rate debt. This is the definition of *irresponsible* revolving credit use.
TL;DR – Don’t use credit cards for things that you don’t have the money for to buy in cash today. You’re just asking for [financial] trouble if you do.
I would never in my life suggest anyone to open a BNPL loan but even that would be better than this idea if it’s interest free.