/ Ask Terry Questions / Credit Score

Credit Score

By Terry Savage on November 30, 2019 | Credit/Debt

Today my Credit Score is over 800 and so is my wife’s.
Discover our credit card company is offering 0% interest as a promo for new customers which would apply to us with only a minimum payment due and no interest for the remaining 6 month intro period.

1. Would making the minimum payment for 2-3 months negatively affect my Credit Score?

Terry Says

No, but why would you do that? What’s the point of carrying a balance, when money in the bank earns next to nothing Is there anything “big” that you want to buy now — and pay off within 6 months? Given your high credit score that doesn’t seem to be your style!



a personal
finance question