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Bsmithers24

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How Often to Use Credit Card
Hi! So, long story short, I'm a college student. I have 3 credit cards: BarclayCard Rewards, AMEX Blue Sky, and Wells Fargo Student Cash Back. I have never had a late payment and always pay in full. Basically, my question is, is it good and/or safe to use my credit cards for everything and then pay the bills back in full each month like I alway do? I would be keeping my overall utilization below 20%, I just hear that using my cards a lot and paying in full and on time will be amazing for my score. Currently, after 2 inquiries (Barclay and AMEX), my score is a 723. It went from 734 to 709 to 723. So yeah. Just wondering if it is beneficial to charge everything on my cards, keeping my total utilization at or below 20%, and pay the bills back each month in full. Thanks!

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It depends on what your goal is.  If you want to drive up your credit score, it is best to keep a balance of 1-3% on the cards at all times.  If you don't want to pay interest, then pay off the balances every month.

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