Four quick questions. Then you get one simple routine to pay your credit cards on payday, keep your credit score healthy, and stop worrying about due dates.
Your card company tells the credit bureaus how much of your limit you're using, usually on your statement date. Lower is better for your score. You still pay it all off by the due date, so there's no interest.
Where these numbers come from
Under 30%: Canadian guides say Equifax suggests under 30% and TransUnion under 35%. (Wealthsimple, Milesopedia)
Under 10%: FICO found people scoring 800+ use a median of 4% of their limits, and people scoring 750–799 use 10%. (Kiplinger on FICO data, Experian)
Not 0%: some scores like to see a small balance being used, so the routine leaves a little on each card.
This is all you do each month. Autopay does the rest.
It's easier to stick to a new routine when someone else asks how it's going. In a study by Dr Gail Matthews at Dominican University, people who sent a friend a weekly progress update achieved significantly more than people who kept their goals to themselves. (Study summary)
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