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It’s a common myth among credit card users that carrying over a small amount of balance to the next month will help to build your credit score. This could not be more false, as an overdue payment negatively impacts your credit history.

It is always better to pay the ‘total amount due’ in full every month, on or before the due date. It not only boosts your credit score but also ensures that you build a strong payment history. Having a strong payment history demonstrates your credibility to lenders, helping you secure loans easily. Additionally, having a good payment track record helps you avail better deals and interest rates on future loans.

Paying your credit card balance in full every month, also demonstrates that you can manage your finances well, as you are below your credit limit and are consistent with payments. Paying in full ensures that you don’t have to pay interest charges or other penalties which can become a burden very quickly.

Even if you miss paying in full for a period, try and get back on track as quickly as possible by paying the “total amount due”. Paying your credit card bills in full every month is a good financial habit that offers you multiple advantages. 
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