Credit Score 28 December 2021 at 4:37PM in Credit file & ratings 3 replies 202 views

NOTethan9

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!

[Deleted User]

No. Credit scores generally react negatively to changes in behaviour, so will drop with any change, whether that change  is good or bad . Fortunately, credit scores are just a gimmick in the UK, playing no part is lending decisions and should be ignored.

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.

chankie888

If the credit card company offers you an increased credit limit (no original request from the card holder) , will that include any further credit checks?  From the email and my online account, i just simply click "accept" increase so no further checks...

[Deleted User]

As a general rule, no.