Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

867
If I pay off a credit card in full at once, will it hurt my credit?
Post Body

*UPDATE: I paid off the credit card. Thank you all for your wonderful advice. It helped me understand credit a lot more and I really appreciate all of the responses and help! 😊*

Long story short: I have a credit card that has a $2,300 credit limit. It is the highest limit card I have and I was going through a hard time a couple years ago and maxed it out on living expenses. I’m at a pretty good spot right now in life and I have paid off a bunch of my little credit limit cards (they had like $100-$250 credit limits). I now have the means to pay this $2,300 one off, and I just plan on having it open afterwards, but not using it. I have always made the minimum payments on the card, but it still just remains maxed out/nearly maxed out. If I pay the credit card off in full, with ONE payment, will that hurt my credit score? I know having a long payment history sometimes helps you, so I wasn’t entirely too sure if just the one big payment would do more harm than good?

Comments
Author
Account Strength
10%
Account Age
1 year
Verified Email
No
Verified Flair
No
Total Karma
358
Link Karma
342
Comment Karma
16
Profile updated: 1 day ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
10 months ago