Should I keep a balance on my credit card? (Is pre-paying or a negative balance okay?)

Описание: Despite what your Mom may have taught you, there are more Canadians keeping a small balance on their credit cards believing that it will improve their credit score. In this episode, Jess and I will go through if keeping a balance on your credit card or paying it off is better for your credit. We will also go through is having a negative balance on a credit card okay for your credit.

OTHER RESOURCES:
Why did my Score just drop? - Importance of Utlization -    • Why did my Score just Drop? (Utilization)  
Does Paying off a car loan early help your credit score in Canada -    • Does paying off a car loan early hurt your...  
Is Closing a Credit Card Good or Bad? -    • Is closing a credit card Good or Bad?  

CHAPTERS:
00:00 - Intro
01:15 - Should I keep a balance on my Credit Card?
01:30 - What is the ideal balance?
01:44 - Can I prepay or have a negative balance on a Credit Card?
02:20 - Trick for those with a low limit credit card and traveling
03:00 - What Capital One will do if you have a negative balance at the end of the month.

MY STREET CRED:
https://creditgame.net/street-cred/

RESOURCES BOOK:
– The Credit Game - https://www.amazon.ca/Credit-Game-Rul...

FOLLOW US:
WEBSITE - https://creditgame.net/
PODCAST – On Apple, Google, Spodify, and others
FACEBOOK – https://www.facebook.com/search/top?q...
INSTAGRAM - https://www.instagram.com/creditgamec...
TIKTOK -   / creditgamecanada  

ONLY FOR CANADIAN MORTGAGE PROFESSIONALS
*If you are a Canadian mortgage professional below are the links to the private pages*:
Facebook:   / 731868324863099  
Linked:   / 14056075  

DISCLAIMER This YouTube channel is produced for your general education and entertainment. We have done our best to ensure that the information provided is correct and helpful, however, nothing on this YouTube Channel should be considered financial advice. We cannot be held liable without knowing your specific credit or financial situation. Email me directly at [email protected] if you would like a one-on-one consultation.

#creditcard #creditgamecanada #credittv