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Low credit limit and utilisation
afis1904
Posts: 348 Forumite
in Credit cards
Hi,
I've got a crappy CC with a limit of £200. I know generally you don't want to go over 30% but does that actually matter on a card like this?
I've got a crappy CC with a limit of £200. I know generally you don't want to go over 30% but does that actually matter on a card like this?
0
Comments
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As long as you're clearing in full, utilisation isn't an issue.0
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It isn't rubbish at all. It is an opportunity to learn how to use credit and then build with the lender until mainstream is an option.
You can use the whole £200 a month if needs be and as the above poster has advised, clearing it in full removes this being an issue. Using the full limit and then carrying it over will flag as high utilization and other lenders would wonder what the reason was for doing so for such a small limit, particularly if not using a 0% offer.Advice provided from this account does not consist of any professional knowledge. For professional debt advice, please contact either National Debtline or StepChange. Advice may consist of personal experience, opinion and/or informational sources.0
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