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How much to use on 0% card?
shortcrust
Posts: 2,697 Forumite
in Credit cards
I have a 0% card and have just used it to pay for a large item. I'm now using 75% of the available credit on the card. Is this too high? My utilisation over all my cards is around 30%, which is either 0% borrowing or paid off each month. The card in question is Nationwide and my savings with them are greater than the CC balance.
I expect to be applying for a mortgage in next year or so and want to look as good as possible to potential lenders.
I expect to be applying for a mortgage in next year or so and want to look as good as possible to potential lenders.
0
Comments
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I would say no problem going up to the limit if your overall utilisation is OK. Obviously you have to be careful that you don't accidentally exceed the limit because of a forgotten CPA or whatever.0
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