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    Edmundo Daco Jr.

    The only disadvantage of paying your credit card bill early is the lost income in interest if you've put the money in a very high-paying investment. If you don't, then it is generally much more beneficial to pay you credit card early. For one, you need not to worry about late payment which will cost huge interest and decrease your credit score. Instead, you will be able to stick to your monthly repayments and increase your credit score. You'll create a good and long payment history, which is essential for future credit account openings.

    If you pay early, you'll be able to avoid spending the money elsewhere. Lastly, by paying early your credit card bill, you will be able to check your remaining cash for the month and budget accordingly. These are the reasons why you should pay your credit card bills early.

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