posted on May, 10 2015 @ 09:01 PM
People are giving you the right idea. Keep utilization well below the max. Yup, for $300 that's difficult, but 20% is a good number. If the goal is
"good credit," getting a loan and paying it off is an excellent way to advance it. Your credit report has a line for every credit activity you have
that you want to see say, "Pays as per agreement." Over time as you do this more and more your history grows.
Now there are people who will tell you, "Corporate greed. I never use credit cards, blah, blah, blah." and I understand the sentiment. But unless you
want to live off the grid a little bit of credit allows you to live more easily. You ever want to rent a car? Unless you have a credit card, you won't
be able to. Wise and prudent are the keys here.
Edit to add: That $300 limit won't be there for long. They'll increase it pretty fast if you buy a couple of things and pay on time.
5/10/2015 by schuyler because: (no reason given)