I will go over when you should pay your credit card bill. Paying your credit card bill can be an intimidating task. I will provide a simple breakdown of what you need to know to increase your credit score and to avoid paying any interest.

In this video I will also break down a credit card statement so that way you can properly understand it. Some of the terms that I will cover are current balance, statement balance, new balance, minimum payment due, payment due date, statement opening date, statement closing date, credit limit and more. Understanding your credit card bill will not only allow you to take control of credit cards but also your credit score!

You will also find out how to increase your credit score by lowering your credit utilization. At the end of the video I will cover the following frequently asked questions:
- What is the difference between current balance vs statement balance?
- What happens if I overpay my credit card balance?
- Should I pay off my credit card after every purchase?
- Is it good to pay off credit card every month?
- Do credit card companies like when you pay in full?

After watching this video, you will be able to read your credit card statement and make the right choice as to when to pay your next credit card bill!

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Chase Yokoyama is not a financial advisor and this is not financial advice. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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