even if you pay it back on time reliably you can still get dinged for maxing it out, utilization rate is part of how they calculate credit score
right
and you want your utilization to be as high as possible most of the time
hence paying off after your statement closing date most of the time
where are you seeing this? the advice I generally see is âdefinitely under 30%, maybe under 10%, definitely more than 0%â
its only when you have a loan or something similar coming up that you want to start paying off ahead of your statement closing date
you could still max out your card, but if you pay it off the day before your statement closes your statement will show $0 and so your utilization will be 0% no matter how much you actually spent
this is good for your credit score as a number, but generally is not preferred most of the time because applying for things like other cards may actually be hurt by having a 0% utilization
and since the effect your credit limit utilization has on your score has no memory, as long as you start reporting 0% utilization a few months before you need to get your credit score checked, youâll be set to start paying it off early then
like highkey it does not matter almost ever what your credit score number is
as long as you have a good number on the few days it does matter youâre set
Minecraftle 2025-07-18 1/10
I did a different one but also got it in literally one
and like sure you probably can take the utilization game too far - i donât think credit card applications love to see consistent 100% either - but if youâre consistently hitting 100% through normal spending the correct answer is either another card to raise your limit if all of your purchases are reasonable and necessary, or budgeting to reduce unnecessary expenses if they arenât
âŚthis is not a solved puzzle
lmao
it said i won
itâs all yellow???
Wordle 1,490 4/6
i mean that is correct but wtfze
i thought youd recognise your own kind
thats orange
i wonder if it just does orange if you get it in 1 for literally no reason?
idk why itâs orange maybe i did the same one
charge your phone!!!
i was listening to binaural beats for sleep relaxation and unlocking your alpha mind and i didnât plug in my phone