If you refrain from using any credit, it will ensure you the lowest possible interest rate when you decide to use it.

Question

Quizplus · Accepted Answer

Refraining from using credit may actually lower your credit score as it means you have no credit history or payment behavior to report to credit bureaus, which can result in a higher interest rate when you do eventually use credit. Having a good credit history and score will generally lead to a lower interest rate.

If You Refrain from Using Any Credit, It Will Ensure