Spending on your credit card seems like a very simple thing - put your regular spending on it every month and then pay it off.
But if you're looking to improve your credit score, what is the optimal time to spend on your credit card, how much should you spend and why?
When should you spend and when should you pay it off in order to get the best possible effect on your credit profile?
I have noticed that there is a lot of bad advice and incorrect information out there with people recommending not paying the credit card off in full, spreading your spending throughout the month and other suggestions that are simply incorrect.
I wanted to put together a video where I explain this as clearly and succinctly as possible.
At the end of the video I share 2 top tips for ensuring that the way you spend on your credit card gets the best possible impact to your credit profile.
💵 GREAT INVESTING APPS I USE
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DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.
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