You can use your cards all you want. The dont use more than 30% of your credit line on the net isnt true. More you swipe and use the card. Better chance for a CLI when the time comes to ask for one. The rest @tcbofade already addressed.
Just to add on to what has already been said, you can spend as much as you want, even up to 100% of your limit. What matters is that you don't go over your limit, and even more important, that you don't let more than 30% report. In other words, a few days before your billing cycle closes, stop making charges, and pay down your current outstanding balance to less than 30% of the total limit.
@Skippy101 wrote:Question #1 - I see all this talk about credit ult not going over 25-30%? So is that per card or say if you have two cards is that combined % for both?
Question #2 do I want to make sure both cards are paid full each month or so I want to keep a small balance on only.one of them? Pro’s and cons?
1. There is individual account revolving utilization and aggregate revolving utilization.
2. Both are based on the balance reported on the reporting date, which is in most -- but not all -- cases, the statement date.
3. Your individual account utilization should not exceed 28%.
4. Your revolving utilization is optimum at 6% or lower.
5. You should not try to "keep" a balance anywhere, but you do want at least one account to "report" a balance each month.
6. If you have 2 accounts you should pay one off before the reporting date, and pay the other one off right afterwards.
