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Marbles credit building card.. how best to use?
cscz
Posts: 14 Forumite
in Credit cards
just after some advice in regards to making the most of a new credit card to slowly help repair my credit file after a dmp..
so basically i have taken out a marbles card and my understanding is that i should use it reguarly and clear the full statement balance each month. in regards to this how much should i be spending on the card? i have googled and found 30% seems to come up quite often does this sound about right? also with there being such a gap between statement (6th of the month) and direct debit (25th of the month) if my statement balance totals 30% of my limit should i not be using the card between this period, say approching 50% of limit or is it just the statement balance that really counts?
any point in the right direction would be great thanks
so basically i have taken out a marbles card and my understanding is that i should use it reguarly and clear the full statement balance each month. in regards to this how much should i be spending on the card? i have googled and found 30% seems to come up quite often does this sound about right? also with there being such a gap between statement (6th of the month) and direct debit (25th of the month) if my statement balance totals 30% of my limit should i not be using the card between this period, say approching 50% of limit or is it just the statement balance that really counts?
any point in the right direction would be great thanks
0
Comments
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The usage ratio can also be influenced by your limit - there's no hard and fast rule.
Just stay under your limit by a comfortable margin and clear in full each month.0 -
What's the point in clearing each month? Save on interest? or does it have an affect on how the lender sees it...0
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Both.
Don't be the mug who pays interest if you don't need to.0
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