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Originally Posted by aliali
I have never heard of the 50% of the limit rule? Does it matter how high the limit is? Does it matter how often you go over the 50%? Is it better to put 35% on two cards rather than 70% on one? Does that make any sense?
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Yep, basically it will damage your credit if you have ever gotten near the limit on a credit card, as it keeps track of the highest balance you have had on that card.
As odd as it may seem, it is far better to have 2 credit cards with 35% of the credit used than one credit card with a higher percentage of credit used...