![]() Once you receive your credit card statement, you’ll subtract 15 days from your due date, which is when you’ll pay at least half of your total balance. The hack is used by cardholders as a way to boost their credit score, but it misses the mark. The following credit card hacks are a waste of time, as they don't actually work.ġ5/3 hack: Speaking of credit scores, some popular card hacks actually aren’t all that great - like the popular 15/3 hack, which involves paying off your credit card statement twice a month, as opposed to only once. Additionally, too many credit inquiries in a short period of time is also bad for your credit score. ![]() Plus, having high credit utilization or even missing one payment can damage your credit score. Failure to pay these back can result in credit card debt and expensive interest charges. To earn many of the rewards associated with credit cards, you'll have to meet minimum spending requirements, which can add up over time. ![]() However, you'll need to be careful before applying for a number of credit cards. Opening cards that offer a high rewards rate for spending in a wide-variety of spending categories can help you maximize cash back, rewards or miles on all of your purchases. Rotate spending between top-earning cards: Opening multiple cards with various benefits is a credit card hack that non-travelers can also utilize.
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