Capital One Visa Credit Card

Hi, just wondering if someone could help...
I've just got one of these cards in the hope of building up my credit rating. I have an ok credit rating, but haven't borrowed much so don't have a 'good' credit rating.
I'm trying to get my head around it all, but i have a £200 limit, so if i use the card for £200 worth of shopping a month, and pay it off direct debit every month, is that good?
Cos i've read somewhere on here it's bad to use more than 30% of your limit. So a little confused!
Also if i do spend on it, and pay off every month by direct debit, will this build my credit rating?
I can't remember anything else i wanted to ask, minds gone black
Thanks in advance for your help


  • Toe-Jam
    Toe-Jam Posts: 1,554 Forumite
    If your paying the balance off in full every month then you won't be using all of your limit. the 30 % is used for your over all level of debt so if you had 2 accounts both with £1000 limit and on 1 you owed £500 and on the other owed 100 and were making the minimum repayment every month. to the first company you would be using 50% of your credit and to the second you'd be using 10%, but to your credit file you'd be using 30%.
This discussion has been closed.
Meet your Ambassadors


  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609.1K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards