Question by mc1600: How do you raise credit score on a low-limit card?
I am on my first credit card with a $ 250 limit. I read that having a balance of no more than 30% each month would raise credit scores, but my dad says I should spend more since it is such a low limit. Is the 30% percent rule still true for low-limit credit cards?
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Best answer:
Answer by Dan S
30% is a guideline. The most important thing to do is pay faithfully on time every month. 0 is not much of limit – so stretching it a little is probably ok. Just DON’T miss a payment – and DON’T go over your limit. Remember to leave enough room for your finance charge.
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