Should i pay my credit card down to zero?
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Asked By: Lavina Berge
Date created: Tue, Jun 15, 2021 10:01 AM
Date updated: Wed, Jun 22, 2022 1:12 PM
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Top best answers to the question «Should i pay my credit card down to zero»
The standard recommendation is to keep unused accounts with zero balances open. A zero balance on a credit card reflects positively on your credit report and means you have a zero balance-to-limit ratio, also known as the utilization rate. Generally, the lower your utilization rate, the better for your credit scores.