You may be looking for ways to improve you credit score. You are not alone in this endeavor. There are times when you do something to improve your score, and may be afraid that it may have the opposite effect and affect score negatively. Calculation of credit score is a complicated process despite the fact that FICO has revealed the factors taken into consideration for the calculation of FICO score. This leads to consumers doing things that may improve score. Given below are 2 tips that do not have any effect on your score.

1.    Interest Rates Don’t Affect Your Credit Score
The interest rate that is levied on you for your credit card bill is not what the credit reporting agencies are interested in. By rule of the thumb, paying your outstanding credit card bill in time has a positive effect on your credit card rating. The exact impact on the credit score depends on your how the card is used and the way the payments are made. Balance transfer do not improve the score noticeably, as the overall debt remains unchanged. The only way that it helps is that you will now have to pay only a single card company.  This may be a very effective strategy, if it is allowing you to take advantage of lower interest rate charges elsewhere but not if you want to enhance your score.

2.    Making Inexpensive Purchases
The individual cost incurred for purchases that you have charged to your card will not affect your credit scores. However, factors like total amount of credit available to you, your payment history, your recent attempts to procure new credit and the types of credit are listed against your name (credit cards, mortgage, student loans, auto loans, etc.), and the length of your credit history do affect your score. Thus, you can rest assured, that the frequency and cost of the purchases you charge to your card doesn’t have a negative impact on your credit score. In spite of this, it is best to keep a low balance on your cards and repay all debts off in time.

You can be assured that your credit rating will not be negatively impacted, as long as you keep the number of credits in check, pay the debts timely and try to minimize your credit history to the best possible extent.