You should try to keep the balance below the limit so that
you never go over the credit limit on your card.
Not exact matches
Keep your balances on
credit cards in check and
never go over more than 30 % of your
credit limits.
I've applied to get it upped, but I think because we're doing the
credit card arbitrage, we show about $ 70 outstanding in cc debt, so they declined (even though we
never go over the
limit and always pay on time).
Even if you
never go over your
limit or are late, by only paying the minimum monthly payment you spend years paying off small debts and interest that far exceeds the original
credit amount.
If you've got a
credit card with a $ 10,000
limit and you
never go over $ 2,000, that's
going to be a lot better than if you're always maxing out.