Current Events > Does it matter how much of my credit limit I spend as long as I pay it off?

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Sexypwnstar 12/21/19 1:34:19 PM #1:	I've heard from some that it's more beneficial to only spend a little of your credit line even if you pay it all off. --- https://imgur.com/Su4g5 https://imgur.com/21DiJ <cite>Sexypwnstar posted [p:931885883] in Does it ma... [t:78272072]...</cite> <quote>I've heard from some that it's more beneficial to only spend a little of your credit line even if you pay it all off. </quote> ... Copied to Clipboard!
foxhound101 12/21/19 2:09:51 PM #2:	One of the metrics used in your credit score is the amount of credit you use, versus the amount of credit available. The most important thing obviously is to pay it off, so it doesn't matter that much. If you are worried about your score then you can always get another credit card, which will increase you total percentage, and then continue to responsibly use your credit line. This will temporarily hurt you score, but will bump it up after a few months. --- http://www.globatron.org/wp-content/uploads/2010/05/Lava_Lamp_Animation-1.gif <cite>foxhound101 posted [p:931887090] in Does it ma... [t:78272072]...</cite> <quote>One of the metrics used in your credit score is the amount of credit you use, versus the amount of credit available. The most important thing obviously is to pay it off, so it doesn't matter that much. If you are worried about your score then you can always get another credit card, which will increase you total percentage, and then continue to responsibly use your credit line. This will temporarily hurt you score, but will bump it up after a few months. </quote> ... Copied to Clipboard!
DDirtyDastard 12/21/19 2:17:21 PM #3:	foxhound101 posted... One of the metrics used in your credit score is the amount of credit you use, versus the amount of credit available. The most important thing obviously is to pay it off, so it doesn't matter that much. If you are worried about your score then you can always get another credit card, which will increase you total percentage, and then continue to responsibly use your credit line. This will temporarily hurt you score, but will bump it up after a few months. The little ding to your score is for the hard credit check to get the new card. There are free websites that explain these things and you can (soft) check your score for free without affecting it as well. <cite>DDirtyDastard posted [p:931887317] in Does it ma... [t:78272072]...</cite> <quote>foxhound101 posted... </cite> <quote>One of the metrics used in your credit score is the amount of credit you use, versus the amount of credit available. The most important thing obviously is to pay it off, so it doesn't matter that much. If you are worried about your score then you can always get another credit card, which will increase you total percentage, and then continue to responsibly use your credit line. This will temporarily hurt you score, but will bump it up after a few months.</quote> The little ding to your score is for the hard credit check to get the new card. There are free websites that explain these things and you can (soft) check your score for free without affecting it as well. </quote> ... Copied to Clipboard!
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