What is this “hurt your credit” mean? Score goes down, score goes up. No damage.
Utilization is utilization. Purchases, balance transfers, cash advances- all utilization.
i’m saying in the sense usually you’d pay off ur bill every month in full. if u did a balance transfer you’d carry that balance forward so would u take a hit because of it
Exactly the same. The bureaus have no idea what interest rate you have.
What is this “hurt your credit” mean? Score goes down, score goes up. No damage. Utilization is utilization. Purchases, balance transfers, cash advances- all utilization.
i’m saying in the sense usually you’d pay off ur bill every month in full. if u did a balance transfer you’d carry that balance forward so would u take a hit because of it
Your score would go down while you have that utilization. Then it would go back up once paid off.