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Originally Posted by oberon
You know, I never have any trouble using more than 50% of my credit limit... I actually do this once or twice a year on average, but I always pay off every month regardless. My credit history goes back about 15 years, so perhaps NoSoup's advice with respect to this is still pertinent here since you're new to credit.
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Simply going over the 50% limit won't absolutely destroy your credit, but it will negatively impact your score. However, the impact that it has will be reduced tremendously if you have a long, solid credit history...
For people just starting out, you're correct - having a balance near the limit will have a rather large negative impact on the scores...