Having your credit card account in good standing generally means that you’re abiding by the terms of your credit card agreement. While what counts as “good standing” may vary by credit card issuer, it usually means you’re making at least the minimum payment by the due date each month.

How do I know if my credit card is in good standing?

The definition of “good standing” on a credit report is not necessarily the same as the lender’s definition. An account in “good standing” is an account that has no negative payment history, past or present. If an account has had even one late payment, then it would be considered “potentially negative.”

What does it mean when your credit card is in good standing?

Having your credit card account in good standing generally means that you’re abiding by the terms of your credit card agreement. While what counts as “good standing” may vary by credit card issuer, it usually means you’re making at least the minimum payment by the due date each month.

How can you keep your credit in good standing?

Some credit card issuers may also define good standing to include keeping your account active and staying below your credit limit. Other accounts with the same bank, even a checking account or loan account, can impact your credit card standing.

Why do I have bad credit even when my bills are paid on time?

A combination of these issues can add up to high credit risk and poor credit scores even when all of your payments have been on time. The best way to find out what is specifically affecting your credit scores is to get a copy of your credit report and a credit score.

Is it important to pay your bills on time?

I paid every thing on time. There is a lot more to having good credit than just paying all of your bills on time, although that is extremely important. Your payment history — whether you have paid your bills on time or late — has the greatest impact on credit scores.