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Daily1994

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Credit Card Utilization
Is credit card utilization based on the card being used or the total limit of all your cards. I have 2 credit cards and, for easy figuring, one has a limit of $250 and one has a limit of $300 and I want to buy something that is $150 on the $300 limit card. Would it not be smart to put that 50% utilization on the one card? Thanks for any help!

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Top Contributor
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It is figured both ways, each card and total cards. Damage from high credit card utilization isn't permanent and goes away when you pay the cards back down. Yes, 50% utilization gets your scores dinged, it depends on how long it will take to pay this back down on whether you want to do it or not and if it even matters what your credit scores are over the time period of carrying the balance.

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