Using 90% of credit limit.

[aish111]

Hi. How much does using about 90% of the credit limit effect your credit score.
And if you pay before the statement generation does that help ?

 

[phagocyte536]

From what I read it does help to pay before. High utilisation (>30%) is definitely bad if done consistently.

 

[phagocyte536]

Rack up some LTF cards even if you don't need them (it increases overall credit limit)

 

[akshayhs]

Once or twice it doesn't affect as much as doing it every month. I once had to use 90% of my credit limit back in July and it didn't affect my score much. It dropped 5 points but qucikly picked up in the subsequent months.

 

[aish111]

And what if you pay before the card statement generation?
Will it show less utilisation or same ?

 

[bhavik886151]

And what if you pay before the card statement generation?
Will it show less utilisation or same ?

yes if you pay before card statement generation then it shows the only outstanding amount as utilization