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Care about your credit score? Get strategic with card limits

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Published 4:00 AM

By AMANDA BARROSO of NerdWallet

If you want to build your credit score, knowing your credit card limits and managing how you use them can help. A major factor in credit scores is credit utilization, which is simply how much of your credit limits you are using at a given moment. To know how you’re doing on credit utilization, you need to know your credit limits. Then, aim to have less than 30% of any card’s credit limit in use; lower is better for your score. Setting balance alerts and making smaller payments before your balance is due can help keep your utilization low. 

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