How much of the credit limit of your credit card should you use?

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asked Jan 31, 2018 in Credit by Gourd9899 (220 points)
How much of the credit limit of your credit card should you use?

Should you use your full credit limit on your credit card or should you use only part of the credit limit on the credit card?

1 Answer

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answered Jan 31, 2018 by Judy (56,120 points)
You should only use as much of the credit line or credit limit as you know you can pay back in a reasonable time.

Never max out your credit cards and only use enough of the credit limit made available to you that you know you can pay the balance off in full to help build your credit rating.

Being able to fully pay back what you used on your credit card will go a long ways in helping build a good credit rating since it shows you're responsible with using credit.

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