When to Pay Your Credit Card Bill (Pay $0 Interest and Increase Credit Score)

When to pay your credit card bill? Need a new credit card? Visit creditcards.com and be responsible 😎: https://bit.ly/hf_creditcards (click "show more" to see ad disclosure) If you want to pay $0 interest on your credit card and increase your credit score, then you need to make at least two payments each month. You'll need to pay off your statement balance in full by the due date in order to pay no interest, then you'll need to pay down your remaining balance as low as you can right before the billing cycle ends. Because once your billing cycle is closed, the new balance is given to you and the credit bureaus and they like to see your credit usage below 30%. Confused? This video should help. --------------- Robinhood Free Stock (Up to $200) with Sign Up: ► https://bit.ly/hf_robinhood Webull Up to 12 Free Fracional Shares (Each $3-$3,000): ► https://bit.ly/hf_webull M1 Finance (perfect for IRA's): ► https://bit.ly/hf_M1_Finance Instagram: ►   / honestfinance   Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research. #honestfinance #creditcards 0:00 - Start 0:17 - What's the billing cycle? 1:07 - Pay $0 interest 2:36 - Increase credit score