Home > Credit Score > Can Paying a Credit Card Bill Weekly Hurt My Score?

Comments 5 Comments
Advertiser Disclosure


Does How Much You Pay Affect Your Credit Scores?Everyone knows that paying your bills on time is essential if you want to get — or keep — strong credit scores. But does the size of your payments affect your credit scores? Our reader Nicole asks:

I’ve spent the last year doing my best to clean up my financial snafus. One of the things that I did was get myself on a budget; as I am paid weekly, I broke down my bills into weekly payments and pay everything when I get paid on Fridays. It has taken the better part of the whole year to get everything under control, but with this I’ve been able to pay off the smaller of my two credit cards and stay on top of my bills and not splurge on ‘ghost money’ that is sitting in my account, waiting to be used.

But when I look at my credit report, it is showing the weekly payment amount rather than the total amount paid. Does this affect my score badly as it looks like it is less than the amount required?

I checked with Nicole to make sure that her credit reports don’t list any late payments, and she confirmed they don’t. I then turned to Credit.com’s credit scoring expert Barry Paperno for advice on how these smaller payments might impact her scores. Barry weighed in: “If there’s nothing showing as past due there won’t be any negative impact to the score from making weekly payments. The FICO score doesn’t look at the payment amount at all. Good question, but nothing to worry about.”

[Credit Score Tool: Get your free credit score and report card from Credit.com]

Free Tool: Credit Report CardJeff Richardson, vice president VantageScore Solutions concurs. “As long as the lender is reporting the account as current during the previous month, and the weekly payments cover the minimum amount due, then there would be no impact from paying a bill weekly,” he says.

For many of our readers, I imagine the idea that the payment amount doesn’t affect your scores will come as a surprise. In fact, I’ve heard many myths about how payments affect credit scores over the years, such as:

I pay more than the minimum on my credit cards; that must be helping my scores. Paying more than the minimum due may help your credit over the long run. Not only can it cut your interest costs, but it can help you pay down your balances faster. But it doesn’t boost your scores immediately.

I pay my balance in full each month so that helps my scores. This one can be tricky. Your credit report lists the balance as of the date the lender reported it, but there’s no specific notation that indicates you paid in full. Depending on the timing of your payment and the issuer’s reporting cycle, your account may list a balance even if you paid it off entirely when due.

For anyone wanting to try Nicole’s strategy, my advice is to proceed carefully. Make sure your issuer can accept multiple payments throughout the month and keep good records in case they mess up and count you as late. Always make sure you’ve paid at least the minimum payment due each month to avoid a late payment on your credit, which can drop your credit scores significantly.

[Free Resource: Check your credit score and report card for free with Credit.com]

Image: iStockphoto

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

  • jc

    interest can only be extracted from one monthly payment – right?

    • http://www.Credit.com/ Gerri Detweiler

      I am sorry I don’t understand the question. Most credit card issuers charge interest using the average daily balance method which means they average your balance for each day of the billing cycle and charge interest on that amount. Is that what you’re asking?

  • Barry Paperno

    Hi Janusz,

    Good idea to ask about the scoring implications from a balance transfer. It makes no difference to the scores whether a credit card balance resulted from purchases or balance transfers. The same rules apply – pay on time each month and keep the credit utilization (balance/limit ratio) low – to avoid hurting your score. So, if that balance transfer maxes out the account receiving the transfer, the score is going to suffer until that balance is brought down.


  • janusz Stanisz

    Does transferring balances to a low into rate with a current credit card affect my credit score. Do understand the savings but the score is more important. It makes me feel as if I have to always in a way pay to get the score I am looking for.

  • Pingback: How Does Paying Off a Loan Affect Your Credit Score? | ComparePlastic()

  • Dave


    You were really helpful last time so thought of asking you another Q on credit card debts and FICO.

    All 3 of my credit cards were charged off by the creditors in 2010. One of them sued me and I hired an attorney who helped me negotiate settlement. So I’ve been making monthly payment since my financial situation has improved somewhat and it keeps getting better.

    And other two are still in collection.

    But my FICO has not improved. So I’m debating whether it’s a good idea to even keep paying that monthly amount. And the total amount of all 3 debts are roughly $7,000 to $8,000.

    Not sure if bankruptcy is a good idea for such small amount.

    So what’s your expert advice on how to raise FICO given my situation?

  • Pingback: Can paying a credit card bill weekly hurt my score? | CreditRanker.com()

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team