I have a credit card limit of $500 where should I keep my balance to raise my credit score?

I am young and broke, what is the most i can have on the credit card and still raise my credit score?|||Making purchases and paying it off each month is fine. Some prior clown said paying it off makes you a deadbeat... this is in the eyes of the credit card companies. They don't determine your FICO by how much money you make for the credit card company. It is determined by percentage of available credit in use, your payment history and age of accounts. Please see:


http://www.myfico.com/CreditEducation/Wh鈥?/a>





Don't apply for more cards either. 2 major cards are perfect. Your FICO takes an 8 point hit just to have credit pulled and then negative impact for frequent credit inquiries and new accounts.|||u have a suky credit card man|||The best thing to do is charge about $100 and pay it off. Then close it. They do like you to have an open 0 balance. If you charge on it and pay it off, it shows a good pay history, if you just leave it at 0 and never charge, it doesn't do you anygood. Make sure you apply for cards with no annual fee.|||http://www.daveramsey.com/





Try here|||Housewrkrm is WRONG!!!!! In the halls of the credit card companies the definition of a deadbeat is someone who pays off their balances each month. The CC companies make money only when you use your card and carry a balance. With a $500.00 limit you should carry a balance of no more than $249.00 (%26lt; 50% of the credit limit). That will build your score the fastest. Also, get more cards from department store or gas companies and follow the same rules. Your score will climb!|||Do not charge over $250.00. Pay it off before the bill comes out. Even if you pay it a couple times a month. Used it for things that you would buy every month with cash like gas........ You could over pay by $5.00 each month to show a postive balance. Your credit score with increase.|||zero|||Greetings,,,,





Keep your balance less than 50% of available credit... You should leave a small balance on it... For two/ THREE billing cycles.... THIS will look good to the credit company.... Now for your credit score, a forward balance does not matter.. As long as it is paid on time,,,,, But you do not want to exceed 50% of your avaialbe credit... Use to a 0 balance could effect your score but the federal goveremtn said NO to this...





No matter what pay your credit card on TIME, even if you have to sit in the dark for a few days..... Do not go over your limit this will affect your credit score, ALSO the issueing company will not raise your limit if you go over all the time...





Also, do not pay it off and CLOSE your account... Your credit score looks for LONG account history...|||as long as you make the required payment when it's due , you will have a good rating


the over due payments are what's reported on your rating|||Have a look here.