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Jul 30, 2014
7:25
:30
pm
RexIdaCoug
Never use more than 20% of your available credit. Always pay it off every month
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RexIdaCoug
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RexIdaCoug
Joined
Nov 17, 2006
Last login
Apr 19, 2024
Total posts
17,327 (2,307 FO)
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Messages
Author
Time
I'm late to the party, but I finally got my first credit card. General tips?
ldssdl
7/30/14 7:22pm
Max it out ASAP. Credit bureaus love this.
SandYFan
7/30/14 7:23pm
Never use more than 20% of your available credit. Always pay it off every month
RexIdaCoug
7/30/14 7:25pm
I haven't heard the 20% thing before. Can you explain why?
ldssdl
7/30/14 7:26pm
here you go
RexIdaCoug
7/30/14 7:28pm
For clarification you are saying do not carry a balance forward more than 30%
SanDiegoCoug
7/30/14 7:36pm
My understanding is that credit utilization is
RexIdaCoug
7/30/14 7:41pm
^^This is true.
Jonce17
7/30/14 8:00pm
Yup- they report the statement balance to the credit bureaus
cheezedawg
7/30/14 8:10pm
This is going to sound really naive, but...
ldssdl
7/30/14 8:39pm
I think so....
RexIdaCoug
7/30/14 11:07pm
Not exactly
supertux
7/31/14 9:20am
examples:
supertux
7/31/14 9:25am
Use creditkarma.com and creditsesame.com to see your credit score for free.
supertux
7/31/14 9:25am
Statement balance != current balance. You can have a current balance of 100%
supertux
7/31/14 9:13am
Ok. So when/how is the statement period different than the due date?
ldssdl
7/31/14 9:16am
RE: Ok. So when/how is the statement period different than the due date?
supertux
7/31/14 9:20am
Nonsense. max it out every month and pay it off every month
Bob Vance
7/30/14 9:44pm
Get a pretty one with lots of fish on it.
PolarCoug
7/30/14 8:13pm
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