We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards