leev18 wrote:Hello, I'm still pretty much new to the credit card world and just made a full payment on my credit card before its very first due date.
Should I wait after the due date, so I can start using my credit card again, or can I start using it now after making a full payment on it and not have to worry about it getting added to the current monthly bill?
I'm assuming it's due next month? if so, it won't get added to this month's bill. If you paid in full, you should see the minimum balance and amount owed reset. Now the slate is clean. You'll get another due date for (about) 23 days after your next purchase. So no, it won't be bought and due in the same month.
As far as paying before your due date and then shopping again---keep in mind your credit limit and desired utilization(ie
on a card that has a $500
CL, you don't want more than $150
reported). Also figure out if it's important to you for a 0 balance to be reported
to the bureaus. Considering you paid in full before your due date, I'm "guessing" you did so with the intention of having a 0 balance reported. If that's the case, then wait until your statement reports to use the card again. Your choices
1.) Wait until after
your balance reports, then use the card again
2.) Use the card before it reports, but utilize less than 30%
of your available credit, if
you want a balance reported.
3.) Use however much you'd like to now and pay it all
back again before
the due date/statement date if
you want a 0