JNK wrote:Regarding if a $1000 purchase is a big purchase from a credit card company's point of view, YES IT IS in your case because $1000/$1500 credit limit is 66.7% credit utilization on a single card.
How 'big' something is from a credit and credit score point of view depends on credit utilization which is the amount of credit you utilize given what amount of credit has been offered to you.
If you charge $1000 on a card that only has $1500 and utilize 66.7% of your credit on that one card and then only pay the minimum, it's going to take a while to get your credit utilization back down to what is considered a good number for a card that has the limit that it does.
If your credit card has a 10K limit, then $1000 isn't going to do too much - even if you don't pay it all off in one go.
But what about a charge card? I know they don't have a spending limit per se but I suppose 1k wouldn't do much haha