Ah, okay, I always figured the only way to really be responsible with credit was to use credit cards like debit, but if a big purchase came along that I definitely couldn't pay off within the month, I figured it wouldn't hurt to have zero interest but wasn't sure of the impact on my credit.

[–] MrScottyTay@sh.itjust.works 2 points 11 months ago (2 children)

That is pretty much the right way to do credit. Treat like debit and/or find a way to have 0% interest over a few months time to spread a big cost across multiple months where it becomes affordable.

[–] SeabassDan@lemmy.world 0 points 11 months ago (1 children)

My concern is the impact on my credit from not paying back in full, even if there's zero interest for an extended period of time. Like paying an appliance in 3 months with no interest versus the full balance before the next billing cycle. I just assume there's a downside to having that convenience aside from them hoping I'll fall behind.

[–] JDubbleu@programming.dev 2 points 11 months ago

Short term credit balances like appliances paid off over 3 months don't affect your credit for very long. As soon as they are paid off and the balance falls off your credit report your score will rebound. It's not worth stressing about.

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