- Green Member
- Posts: 10
- Joined: Wed Feb 17, 2010 8:40 pm
- Location: USA
Yes, I always stay below 30% of my credit limit. I have $500 credit limit, so every months I used less than $100. If you can keep your utilization below 10%, that's the best way to make your score go higher because the banks will see you are a less risk borrower. That's why you see most people want their credit cards to increase the limit.
To have the best score it also takes time and patient. I don't think one year is enough. I would say about two years above to have a good credit score. One year is just help you establish some credits, so the banks will see your name on their list; then they will send you mails offer for unsecured card with $1000 limit, then after that they might increase your limit to $5000, $10000, $20000...
I will let you guys know my credit score after one full year of using secured card. So be patient with me.