Best way to pay off a credit card to get the best credit?

I am about $30 above my $700 credit limit, and it has been floating around that amount for awhile now. I should be expecting a good paycheck soon, and I would like to get rid of this credit card in general due to the high APR.





What is the best way to pay it off so I could up my credit score? Should I pay it in full? Or should I pay $100 a month or something?





Thanks!|||the short answer to your main question is "completely, ASAP"|||Pay it in full to avoid the finance charges. Then use the card for small purchases that you can pay off in full each month - things you would normally pay cash for (put the cash aside and use it to pay the bill when it comes in). Paying it off immediately helps your score as it increases your available credit number (total credit limits minus total credit balance) and reduces your debt to income ratio. Buying small stuff and paying it off after the bill arrives helps as it keeps the two ratios high in your favor while building your credit payment history.|||until you get the balance below 30% of the limit, it is really whacking your credit score - and why carry a balance at all if you have the money to pay it off - being over the limit must be incurring extra fees for you too - like $30-50 every time you exceed that balance?





pay off balance as quickly as possible but DO NOT CLOSE OUT the card - just lock it away for emergencies - closing it will HURT your credit score and there is no guarantee you will be able to get any new credit and it probably won't have a low rate either - banks have been raising everyone's rates - even perfect payers|||Never owe more than 30% of your total credit limit at any time and make timely payments. If you do this and keep your account open, it will do more to help your FICO than closing it. Credit history is 15% of your FICO score. If you get in trouble with it, never charge more than you can afford to pay off in a month (remembering the 30% rule). Going above your credit limit certainly won't help.|||There is no way to get the best credit now. The best credit is the credit of a person who has never gone over the limit, ever. Even if you get rid of it, you will still not have the best credit, because you were previously over the limit.|||It depends on how high your APR is, I would at least pay half of it off. It's better to have a low amount charged on there rather than over the credit limit. Plus is looks better for your score.