This is incorrect, of course. Anyone reading this thread, please do not pay interest for nothing.

First, let me say this is not a defense of the credit score system which is unethical. I hate it too, but for the real reasons.

Credit score is not determined by the bank. Your lines of credit report to an agency which considers your utilization but not whether you pay interest. Credit agencies don’t care if banks profit, they are already making money by collecting your personal data and selling it.

I have never paid a cent of interest and do not have anything but credit cards on my file. My score is above 800. I hate to say it, but Lemmy has been consistently worse than Reddit for financial advice, and I’d suggest visiting the cRedit sub for accurate hate on the credit system.