You aren't supposed to only use 30% of your credit limit.

My current credit limit is $130,000 over 10 credit cards, plus a few charge cards. If I used even 10% of that in a single month I'm fucked, lol. Eventually your credit limits just get so high if you have multiple cards that even heavy utilization is like 5%.

CouponFollow Extension

30%
OFF

You Aren't Supposed To Only Use 30% Of Your Credit Limit.

1 week from now

reddit.com

30%
OFF

How Much Of My Credit Limit Should I Use? : R/personalfinance

1 week from now

I just recently got my first credit card in order to help build up my credit score. I have a credit limit of $500. I’ve always heard that you shouldn’t use more than 30% of your limit I also have a car …

reddit.com

10%
OFF

How Much Percentage Of My Credit Card Limit Should I Use If I

1 week from now

TL;DR: Will going above 10% of my credit limit affect my credit score, even if I pay it off in full every month? For context, I'm 19 and I've been working as a software developer for the last 8 …

reddit.com

$1000
OFF

How Much Of Your Credit Should You Use? - Credit Karma

1 week from now

Aug 15, 2024 · Say you have a credit card with a $1,000 limit and it had a $500 balance when your account’s information was sent to the three major consumer credit bureaus. In this …

creditkarma.com

100%
OFF

Is It Okay To Use 60-100% Of My Credit Limit For One Purchase?

1 week from now

I use credit cards for all purchases running up to 30-50% of limit and pay in full every month to avoid interest. Been doing this for 10 years… Never had a problem with my credit because of …

reddit.com

FAQs about You aren't supposed to only use 30% of your credit limit. Coupon?

What percentage of your credit card should you use?

You should use less than 30 percent of your credit card's credit limit, especially if you want to avoid any damage to your credit score. The lower your credit utilization ratio is, the better off your credit score will be. The ideal credit utilization percentage is between 1 and 10 percent of your credit limit. ...

Should you spend money based on your credit limit?

Don't decide your spending based on your credit limit. That attitude will send you spiraling into debt. Only buy things you can afford to pay for immediately. If you buy them with a credit card, pay the card off in full at the next statement and only spend the money if you're certain you can afford to do that. Use card for everything. ...

What is the credit limit for a credit card?

For instance, if you apply for a secured credit card, you'll likely have a low credit limit, depending on the amount of your security deposit. Likewise, if you're applying for a high-limit credit card and you have a high enough score to get approved for it, your limit could be over $20,000. ...

How much credit limit should I use?

You should aim to use no more than 30% of your credit limit at any given time. Allowing your credit utilization ratio to rise above this may result in a temporary dip in your score. ...

Do you know the limit on your credit card?

Knowing the limit on your card and keeping your balances much lower can help you maintain better credit and avoid overlimit fees. Always make payments on time and in full to avoid debt and damage to credit history. Was this article helpful? ...

What is a good credit card utilization ratio?

Now, keep in mind that the FICO algorithm looks at the ratio across all of your credit cards as well as on each individual card. Keeping your credit utilization below 30% protects your credit score. But if you want to boost your score as much as you can, keep your ratio under 10%. ...