Just got my first CC at 20 with a $2k CL. i have been reading a bunch of things about credit utilization all that jazz. i know this is probably one of the most repeated questions but i’m curious about a couple things

    • should i pay off my balance BEFORE the statement date or pay off to where i’ve spent 20% of my CL (for utilization purposes? not sure how that works) then pay the rest after…
    • I know that utilization doesn’t carry and it has no memory but staying in a 0-29% utilization range it DOES have a positive effect on my score right?
    • my payments are due on the 24th which is the statement date or is that the due date (it doesn’t say so i am a bit confused

    i’m obviously just planning on using this card as my debit so if i don’t have the money i won’t be spending it. but i am also going on vacation soon i do have money saved up and i think i might be spending around 1k on the trip. if i pay (600) before my statement closes would that show a 20% utilization then? instead of 50? I know micromanaging is bad and i don’t want to max out my card (im aiming not to lol) but would this work?

    also any other tips or suggestions or anything abt cc i would really appreciate im a bit nervous but i’m generally really good with my money and i keep track of it well but any help would be appreciated : )

    Got my first CC (21) need help with utilization tips and building credit
    byu/Alpha-Wolf-455 inCreditCards



    Posted by Alpha-Wolf-455

    3 Comments

    1. Alpha-Wolf-455 on

      although i do also know that the 30% thing is a myth but i think im just too beginner and stressed and nervous hhaa

    2. BrutalBodyShots on

      Read the AutoMod reply and the thread linked within it. After taking that deep dive into utilization, all of your questions should be answered. If you have any others, definitely let me know.

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