Is credit limit cycling ok?
Hi everyone,
I'm new to FT and this is my first post!
I was reading in another thread that you should never spend/MS more than your credit limit in a given month, even if you're paying it all down before the statement closes. For instance, if I have a 10K limit, and I spend 6 or 7K, pay it back, spend 6 or 7K more, pay back before the statement closes, without ever having a balance of 10K or more, is that ok, or will that hurt my credit score?
Thanks in advance!