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Message
re: Debit card skimmer on ATMs Fraud
Posted on 8/4/17 at 9:12 am to boosiebadazz
Posted on 8/4/17 at 9:12 am to boosiebadazz
Utilization is not bad. The biggest thing is balance vs limit.
1
Posted on 8/4/17 at 1:48 pm to Janky
quote:
Utilization is not bad. The biggest thing is balance vs limit.
That is the utilization number the companies use.
You definitely want utilization under 50%, and ideally under 20%. I also use a cash back card (and some folks swear by rewards cards) and pay off the balance - generally every time I get paid, the card gets paid. I highly recommend using a budget software, YNAB, Every Dollar, or equivalent, so that you are not just wildly using the card and "financing" your budget.
If you operate this way, you are using the card in a classic "charge" card style, which is not anathema to wealth, instead of a revolving "credit" card style which is.
This post was edited on 8/4/17 at 1:52 pm
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