- How It Works|
- FAQs|
- Help
- Log In to your account |
- Sign up now for free!
Credit Advice
Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!
Question
Am I over using my credit cards ?
I use my 2 cards for everything from fuel to utilities every month. I have $200.00 & $300.00 limits. I then pay between 80-100% of what I charged on or before my statement comes. Is that a good or bad practice. I'm trying to build good history but wonder if I'm going about it the right way.
Asked by
Tilicke21
7 months ago
Flag this Question
2 responses
- Prev
- 1
Reply To This Question
The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.
Let the community lend a hand!
3 Most Recent Questions in Credit Cards
Can I re-open a closed Amex acct from 1999 that is still showing on CreditKarma?
0 Responses
Asked by FirstLast1
under Credit Cards
Should I get more then one secured credit card
0 Responses
Asked by lilrichard107
under Credit Cards
Credit Card Offers Just For You
These are the most popular credit card offers from Credit Karma members with credit similar to yours.
Credit One Bank® Visa Platinum Card
- Pre-Qualify for a Visa credit card without affecting your credit score
- Get a starting credit line up to $1,500
- No enrollment fee
Capital One® Secured Mastercard®
- Get the credit you need with no processing fees or application fees
- Automatic reporting to the 3 major credit bureaus
- Track credit with access to your credit score and other tools
Copyright© 2007-2012 Credit Karma™, Inc. Credit Karma is a registered trademark of Credit Karma, Inc. All Rights Reserved. Product name, logo, brands, and other trademarks featured or referred to within Credit Karma are the property of their respective trademark holders. This site may be compensated through third party advertisers.
The way to get good history is to charge no more than 30% on the credit cards and to pay them in full by due date. That means using no more than 66 on the 200.00 one and 90 on the other. In 6 months ask for a credit limit increase.
ladald 7 months ago
Paying them down before the statement comes is an excellent practice. Since the card companies report to the bureaus after they send you your statement, the bureaus see only the lower figure (and therefore lower utilization). Also, if you are getting rewards for those higher charges, that's good, too. On the other hand, if you're not getting some really good rewards for your practice of putting regular bills and regular expenses on the cards might be detrimental. For instance, what happens if you need the cards in an emergency and at that moment they're nearly maxed out?
Clairissa 6 months ago