Credit Card Limit and Spending
I have a credit limit of £3000 and a few months back I spent around £5000 on my credit card over the course of the monthly cycle. I always spend on it abroad as I was told it was a good option. Then had to pay for some personal stuff in the same cycle. I was paying the card down throughout the month as I had money I had saved up for these expenditures.
I didn’t exceed my credit limit at any point and I have no fees or charges, or notifications from my bank about it. My Experian credit report is shows the credit limit as 3000, spend as 5000, balance as 0 for that month (paid in full before the statement date).
Will it look bad to a mortgage lender that I spent a lot in this in this way even though I had the money saved up and the balance was fully paid before the statement date so the balance was 0? I’ll be applying in the next couple of months
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