sundriedrainbow t1_je8mk9j wrote on March 30, 2023 at 5:18 AM Reply to Why are we encouraged to charge everything to a credit card but get penalized for high credit utilization? by New-Row7111 $700 is a really low credit limit. For context, I (35m, also excellent credit) opened a card a few months ago and got a $23,000 limit out the gate. You’re seeing this impact because of how low your limit it. Once you get it to $10k and higher you won’t be scraping it on every purchase. Permalink 0
sundriedrainbow t1_j2dvn6b wrote on December 31, 2022 at 3:12 PM Reply to comment by AtanatarAlcarinII in Jane Seymour 1990 by isaiahaguilar I definitely did a double take at the title Permalink Parent 1
sundriedrainbow t1_je8mk9j wrote
Reply to Why are we encouraged to charge everything to a credit card but get penalized for high credit utilization? by New-Row7111
$700 is a really low credit limit. For context, I (35m, also excellent credit) opened a card a few months ago and got a $23,000 limit out the gate.
You’re seeing this impact because of how low your limit it. Once you get it to $10k and higher you won’t be scraping it on every purchase.