So using more than 16% of my available credit harms me?
Harm is probably a strong word.
If, at the time you are reported to the credit bureaus, your total revolving balances are more than 16% of your total revolving limits, your score will be lower than it otherwise would be.
If you're really concerned about this just ask your CC company for a higher limit.
This post was edited on 5/15 at 7:15 pm