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Originally Posted by Bill Lundberg
If it's an interest free card for a set period and you really want to build credit then don't be in such a rush to pay it off. By making regular payments on time you are building a credit history. If you pay it off and don't use the card or worse yet close the account it will have a negative impact on your credit as opposed to a positive one.
You get good credit by having a modest number of accounts that are open and active. In some cases having no credit is worse than having poor credit.
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You are saying that if I continue paying it off as quickly as possible it could hurt me?
What I am saying is, the credit report people don't see that I paid off a credit card 5 months in advance?