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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here.  So, 9:13, what you're saying is that doing the smart thing - paying off you're balance every month - can come back and bite you?
How does that even make sense?
Is it because lenders want people that will have to pay interest?[/quote]

Not 913, but yeah, sort of. In industry parlance, people who pay off their ccs every month are known, ironically, as "deadbeats." Because even though the cc gets a swipe fee for every transaction, they're not really earning anything off the consumer.

That doesn't affect your credit score, mind you. But, yeah, some creditors don't like it.[/quote]

Ugh... not true. They are profitable - quite profitable in fact (and no, they arent called deadbeats either). If that wasn't the case, companies like American Express would be in deep shit financially, since basically, thats the #1 customer they attract. Take a look at AMEX Plum for instance, they actually pay you to pay them early. There's no secret fine print here - if you mail in your payment before the due date, you get money back, whether that payment is in full or not. While its true these people generally don't incur finance charges, its also true they are low-risk. Thus, the default rate on this population is usually much much lower, meaning, you have less losses to cover. 
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