Question

Write notes on Principle of Better Credit.

Answer 1

Answer:

Explanation:

There are four main types of credit cards: Rewards. Low Interest. Balance Transfer.

Paying credit card interest does not affect your score directly. The banks do not report the interest charged or paid to the bureaus.

However, paying interest hurts your score indirectly. You pay interest on credit cards when you pay less than the full balance owed at the end of any billing cycle.