Does my credit/limit matter on a promotional card?

Legacy_user

I have a card with Halifax that offers 0% for 18 months and have been buying nearly everything with it. I've had it for 6 months and I'm at 85% of the limit

It's the only credit card I have and I left my job so at the moment I can't apply for another (couldn't even get a Lloyds Vantage bank account)

I'm wondering if I should take some money out of my savings account (1.25%) to pay some off so it's below 50% or not? Just wondering because my score on noddle has dropped from 5/5 to 3/5 even though I've never missed a payment

On Noddle it says "promotional: yes" for the credit card. I also have 2 current accounts and never go into my overdraft (authorised)

[Deleted User]

I wouldn't worry about it until you need to get a new line of credit.

Tixy

Are you planning to apply for any new credit/have any credit searches undertaken anytime soon?

If not then it really doesn't matter for the time being.

System

Thanks, and nope not intending to get new credit any time soon

goldmask

if you lower your balance, halifax might lower your limit, then you will be in a worse position.