Lone_Soldier t1_je96pqf wrote on March 30, 2023 at 9:56 AM Reply to Why are we encouraged to charge everything to a credit card but get penalized for high credit utilization? by New-Row7111 You can request a credit limit for your card. Also, having more cards will increase your overall limit. $700 is a very low limit. I have 5 cards with a total credit limit of 85k. Do I use 85k a month? No lol. I spend $700-$900 a month on my cards (paid in full every 4 weeks). Permalink 1
Lone_Soldier t1_je96pqf wrote
Reply to Why are we encouraged to charge everything to a credit card but get penalized for high credit utilization? by New-Row7111
You can request a credit limit for your card. Also, having more cards will increase your overall limit.
$700 is a very low limit.
I have 5 cards with a total credit limit of 85k.
Do I use 85k a month? No lol. I spend $700-$900 a month on my cards (paid in full every 4 weeks).