I have a gamestop credit card with big balance on it.... - Other Questions

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Other » I have a gamestop credit card with big balance on it. I want to pay it off but cannot decide whether I...

I have a gamestop credit card with big balance on it. I want to pay it off but cannot decide whether I should pay it off in one month or should I do it in two or more months? I have money to pay it off just want to find the best way of going about it.

Answered on | Updated on March 4th, 2015
The content is accurate at the time of publication and is subject to change.

The GameStop credit card comes with steep interest rate so the earlier you pay it off, the better it will be. Carrying a balance won’t do any good to your credit wallet and credit score. What matters is payment history and credit utilization ratio. The first should be without any missed or late payments. And the lower your credit utilization ratio, the higher your credit score. So, go ahead and pay off your credit card in one month. You can continue using your credit card and avoid interest payments if you pay off the card balance during grace period.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
Excellent, Good Credit

Other Questions in
Other

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!