What's Happening
22 minutes ago

Celsius Founder Alex Mashinsky Gets 12-Year Prison Sentence For Securities and Commodities Fraud

benzingabenzinga.com
46 minutes ago

Coinbase CEO Brian Armstrong Believes Traditional Banks Launching Own Stablecoins 'Not Necessarily The Best' Path— Pitches USDC As Option

benzingabenzinga.com
47 minutes ago

Amazon Now Holds AMD Stake Worth $84.4 Million After Lisa Su-Led Chipmaker Acquires ZT Systems (CORRECTED)

benzingabenzinga.com
1 hour ago

Nvidia Modifies H20 Chip For China After US Restrictions Block Sales, Aims To Deliver New Version By July: Report

benzingabenzinga.com
2 hours ago

Pope Leo XIV Didn't Spare Trump Administration Criticism On Social Media — Now The President Says He's 'Excited' And Looking Forward To Meeting The ...

benzingabenzinga.com
2 hours ago

Near a 52-Week High, Is Waste Management an Excellent Dividend Stock to Buy Now?

foolfool.com
2 hours ago

A Sign Of 'Skyrocketing' Risk Appetite? One-Day Option Trades Explode In Popularity

benzingabenzinga.com
3 hours ago

Bitcoin Closing In On $104,000, Ethereum, Dogecoin Soar On Trade Deal Optimism: Analytics Firm Says Bullish Sentiment A 'Double-Edged Sword'

benzingabenzinga.com
3 hours ago

Warner Bros. Discovery Pulling Back From 'More Is Better' Streaming Strategy, Bets Big On Premium Content — And Letting Scooby-Doo Sniff Out New Fan...

benzingabenzinga.com
3 hours ago

Monster's CEO: 'We Don't Always Win' On Hedging—As Aluminum Tariffs Bite Into Q2 Margins

benzingabenzinga.com
4 hours ago

JD Vance Says Trump Is Right About Jerome Powell: The Fed Chair A 'Nice Guy' But 'Wrong About Almost Everything'

benzingabenzinga.com
4 hours ago

Cathie Wood's $21.5 Million Shopify Grab Defies Post-Earnings Dip, Ark Continues Dumping Palantir, Also Chops Jack Dorsey's Block

benzingabenzinga.com
4 hours ago

Pope Leo XIV-Themed Memecoins Surge After US-Born Robert Francis Prevost Becomes Rome's New Bishop

benzingabenzinga.com
5 hours ago

Why Warren Buffett's Upcoming Move Isn't Cause for Concern

foolfool.com
5 hours ago

Arm CFO Explains Why Company Withheld Fiscal 2026 Full Year Guidance Amid Uncertainty From Customers And Tariff Impacts: 'The Amount Of Signals I'm Ge...

benzingabenzinga.com
5 hours ago

Think The Trade Desk's Best Days Are Behind It? Think again.

foolfool.com
5 hours ago

'Will I Have More Money In The Long Run By Taking Out Student Loans Instead Of Paying Cash?' Suze Orman Weighs In

benzingabenzinga.com
6 hours ago

Scott Bessent Attempted Assassination: Charged Massachusetts Man Originally Planned To Target Mike Johnson And Pete Hegseth

benzingabenzinga.com
6 hours ago

AMD vs. Nvidia: Which Artificial Intelligence Stock Should You Buy on the Dip?

foolfool.com
6 hours ago

Prediction: Owning Berkshire Hathaway Stock Will Not Be the Same After Warren Buffett Steps Down

foolfool.com

Here’s What Happens When You Pay Your Credit Card Bill Every Week

Person with laptop, bills, paperwork

Image source: Getty Images

Most people pay their credit card bill once a month, but you’re allowed to pay more frequently. Technically you can pay your credit card bill as often as you want. Some people prefer to pay bi-weekly or even weekly.

Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today – enjoy peace of mind with competitive rates.

While it might sound unnecessary, making weekly payments can actually boost your credit score and have some other financial benefits, which I’ll discuss further below.

1. Your credit utilization drops (which can boost your credit score)

One of the biggest factors affecting your credit score is credit utilization — which is all of your outstanding debts divided by your total available credit. Ideally, you want to keep this below 30%, and for the best scores, under 10%.

When you make weekly payments, your balance stays lower throughout the month, which means your credit utilization is constantly low — including when your card issuer reports your balance to the credit bureaus.

Keeping your credit utilization ratio low raises your credit score, helping you qualify for some of the best credit cards on the market.

2. You’ll pay less in interest

If you don’t pay your full balance each month, you’ll pay interest on your remaining balance. Interest is calculated daily based on your average balance — so the sooner you make a payment, the lower your balance and the less interest you’ll be charged.

For example, if you have a $2,000 balance and only pay at the end of the month, interest accrues on the full amount. But if you make $500 payments each week, your average balance is much lower, reducing the interest charged.

Never pay full price for a flight again. Check out our list of the best travel rewards credit cards now.

3. You build better money habits

Paying your credit card bill every week forces you to stay on top of your spending. It’s easy to swipe your card and forget about it until the statement arrives, but with weekly payments, you’re actively checking your balance and keeping track of expenses.

This can help you:

  • Avoid overspending since you’re more aware of your purchases.
  • Stay within budget by treating your card like a debit card.
  • Catch fraudulent charges faster by reviewing your transactions weekly.

4. You’ll never miss a payment

One late payment can drop your credit score by 50-plus points and result in hefty late fees. By paying every week, you’re reducing the risk of forgetting a payment and ensuring your account stays in good standing.

If you’re forgetful or have multiple credit cards, setting up weekly autopay can be a game-changer.

Do you need to pay your credit card bill weekly?

Weekly payments can be a great strategy for:

  • People working on improving their credit score by lowering utilization.
  • Anyone trying to avoid high interest charges on carried balances.
  • Budget-conscious spenders who want to keep better track of their spending.
  • Those who have missed payments in the past and want to build consistency.

However, if you always pay your balance in full each month and are already managing your credit well, switching to weekly payments may not be necessary.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

Related Posts

Social Security probably forms a key part of your retirement plan — and that’s OK. It makes sense you’d factor these benefits into your retirement

A record-breaking 4.18 million Americans are set to turn 65 this year. And even if they’re not planning on retiring anytime soon, those 4.18 million

Several experts have suggested that instead of investing its $2.8 trillion in reserves exclusively in Treasury securities, Social Security could invest some of its money

Based on current economic and market conditions, I’d have to call 2025 a pretty scary time to be retiring. That doesn’t mean people can’t or