Credit Score

1 Post
Newbie
Hi All,
I have got a credit card to improve my credit score by using it for some of my day-to-day expenditures and then having a direct debit set up to pay the statement off in full each month.
Will my credit score improve significantly quicker if I use my credit card for ~£500 a month compared to ~£10 a month for example or is the amount not that important and more the fact that I pay it off in full every month?
Thanks!
I have got a credit card to improve my credit score by using it for some of my day-to-day expenditures and then having a direct debit set up to pay the statement off in full each month.
Will my credit score improve significantly quicker if I use my credit card for ~£500 a month compared to ~£10 a month for example or is the amount not that important and more the fact that I pay it off in full every month?
Thanks!
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From a lenders viewpoint, clearing in full in the key thing. The amount is relatively unimportant, though it makes financial sense to put all your regular spend on it.