Skip to main content

About us

We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

Will paying off my credit card balance every month improve my score?


Not necessarily, but for many consumers, it is still a worthwhile financial practice. 

Your credit score is calculated, in part, by comparing how much credit you are using to how much credit you have available on the day the credit card company reports to the credit bureau.

So even if you pay off your card every month, you might have a high balance on the day the report is made. As a result, if the report is made just before your bill is due and you have run up a large balance, your score will go down even if you pay it off the next day.

Was this answer helpful to you?

Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.