How do credit card ratings work?

Hartson_2

I have recently got an HSBC credit card. The sole purpose was to build a credit rating for a future mortgage application.

Please could someone tell me:

If I spend a large amount, and pay it all off on the due date, does my credit rating improve more than if I had spent a small amount, and paid it all off on the due date?

For example, if my entire monthly bill is automatically paid out on 5 August - would my credit rating improve more if I had spent £100 on my credit card than if I had spent £20? (Assuming both bills were paid off in full.)

Please quote/reply so I get notified. Many thanks in advance.

Cycrow

it really depends on the lender. as each one will score you differently.

but as long as you dont have missed/late payments, and dont build up lots of debts, then it shouldn't matter too much

Thrugelmir

For purposes of obtaining a mortgage. Saving for the deposit is one of the most positive ways of building your rating.