Quote:
Originally Posted by TXSTYLE
This refers to to the "TOTAL % of Available Credit on that Card"
So $10k. I keep it under 50% at all times usually less. But my score has never suffered at all. You'll hear different opinions. Some say 20%. Well again, I've made several purchases that hit or exceeded 50% (but I make large payments on or before the next billing cycle) and I know I am in the upper crust of high credit scores and get line increases or new card offers like clock work.
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This is what I got confused by. I routinely have my cards hit 90-100% of the limit during the month (it's only $3k for each), but the day before the due date I pay it down to 5%, and don't use it until the day it reports (4 days after due date for NavyFed) a 5% used CC on the statement. Maybe this is what they were trying to say as well. I don't believe going over 50% of your limit in between statement balances is going to hurt you, as it doesn't for me.