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Would it be wise to immediately pay off a percentage of my new credit card after a large purchase to keep utilization under 30%?
Would it be wise to immediately pay off a percentage of my new credit card after a large purchase to keep utilization under 30%? I've heard recently that it's ideal to keep your cc utilization at 30% or lower. I'm in the army and I'll be in California for the next year. I recently got approved for a cc with a limit of $6k. I want to purchase a guitar totalling around $3k after tax, which would put me at 50% utilization. Would it be wise to immediately pay off $1k from the...
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