Is it okay to pay more than the full balance on a credit card?

by **C-Bass** on Fri Oct 23, 2009 4:58 am

I pay my credit card bills online. Say my credit card balance is $150 and I decide to pay $200, to have a $50 'credit' on my account. Does this hurt my credit score?

The only reason I would do this is that my billing date is coming up and only a few of my transactions have posted to my account. I know these will be posted sometime before the billing date and I'd like to keep my balance on the card low. Other than that, there's really no point in paying more than you have to. Also, Citi does indeed let you type in a custom amount that you'd like to pay, even if it is high than the current balance.

by **MadMan565** on Fri Oct 23, 2009 5:03 am

Does not hurt it, does not help it.

by **darkw1ng00759** on Fri Oct 23, 2009 5:03 am

You aren't able to do this. They won't let you pay any more than the card balance.

by **FreeRangeLettuce627** on Fri Oct 23, 2009 5:07 am

Only if you're paying mine. Email me and I will send you my info for you to pay it. Thanks!

by **KaseyC156** on Fri Oct 23, 2009 5:11 am

No, it won't hurt your score. The credit card company won't pay you interest on it though. So why do it?

by **OC1999894** on Fri Oct 23, 2009 6:21 am

Well first your credit card has to allow you to pay over the account balance. When you pay on-line most credit card companies will not even allow you to pay more than your current balance, so right there you would be stopped.

However, if you mailed it in or somehow your credit card allowed you to do it. It would do nothing for your credit score and you are basically giving them "free" use of your money because they are not going to pay you any interest on that balance.

by **AmarnathC142** on Fri Oct 23, 2009 12:29 pm

Yes u can pay ,since its a running acct.

Is it okay to pay more than the full balance on a credit card?