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Member Since: July 2012

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Credit card utilization and your credit score

Jan 30, 2015

I realized credit utilization is just a game with numbers. Keep it simple, make a low monthly subscription to something to be due 1 day after your card is due, and set your card to pay off the full bill when it is due. Then, you will always carry that 1% credit utilization through the whole month. 

For example, my main credit card is due on the 22nd of each month, I pay for my cell phone on the 23rd then I set the card to be paid off automatically by the due date. As a result, I don't have to remind myself later if I paid for the card and not, it does not matter when they pull report my credit utilization for that card, it will show the card has a credit utilization of 1.5%. Any other additional purchase, then you might want to consider paying it off, so it doesn't go over 10%. This alone will get you an A for credit utilization.