Is it wise to pay the credit card current balance as such or should I only pay the amount shown in statement?

That is should I pay the amount stated on the closing date of the statement or should i pay the current balance as such.Say closing date ( say 5th of every month) amount is $200. payment due date is 15th and that day current balance is $500.should I pay $200 or $500|||If you have the money to pay off the current balance, that would be the best thing to do. You won't be paying any of those hefty finance charges. That is what I would do.|||Pay it off every time you use it. Debt is NEVER a good choice. If you can't pay it back you shouldn't have bought whatever it is you bought.|||Listen and learn. You should ALWAYS pay the maximum you can afford on your credit card. By paying the minimum monthly payments, you are paying mostly interest, so very little of that 200 dollar payment is actually applied to your principal payment. This is just a made up situation, but the principle is the same...





Say for instance you pay the minimun amount every month; it could take you years to actually pay off what you owe on the card. The best thing is to always pay off as much as you can afford. it is so much easier to get ahead of the game when you don't have any debt. Take if from my experience and everyone elses. If you want to get ahead of the game, pay the full amount. If you want to keep throwing your money away, pay the minimum.|||pay as much as u have..|||Check your credit agreement. If you have a grace period between when the charge hits the account and when payment is due (which is what it sounds like), pay the statement balance in full to avoid any finance charge. That way you have the use of the $300 you do not yet owe.





I am assuming you are accessing your account real-time over the internet and know additional charges have hit your account.|||I would pay the $500 cause you will get charged interest if you only pay a portion, no matter what the balance says on the statement. i believe some credit card companies do this on purpose as some dont keep their receipts to track how much they have used on their cards