i_get_the_raisins t1_je8mxwi wrote on March 30, 2023 at 5:22 AM

In the big scheme of things, $700 is a very low credit limit. With good enough credit (and the discipline to not spend money just because you can), it's not unreasonable to have multiple cards each with limits in the $10k - $30k range.

With that in mind, the advice of "put your spending on a card" and "keep your credit utilization low" isn't as contradictory as it seems. You can get a few cards, build up $75k - $100k in available credit, and easily put a month's spending on them without pushing your utilization above 5%.

True_Appearance_7155 t1_je9epm1 wrote on March 30, 2023 at 11:33 AM

Exactly this. I have around 100k to 125k in available credit that I've requested over the years. I try to put absolutely everything and anything I can on the cards. Firstly I get at least 1% back on all of my cards for anything type of purchase but the best part is it organizes my monthly cash flow nicely. I can keep money in savings or investment accounts most of the month and move money to checking to pay the CC's off before the bills are due. I don't have to worry about just how much I have in my checking account when I make a purchase.