Let's settle this credit utilization myth once and for all. 💳 There is a massive misconception floating around social media about how credit card balances affect your credit score. MYTH: "You should keep a 30% balance on your credit card every month so the banks see you using it." FACT: Carrying a balance month-to-month does NOT build your credit..it only costs you money in interest. Here is how credit utilization actually works: • Utilization has no memory: Your credit score reflects the balance reported on your statement date. If your balance was 80% last month and you pay it down to 2% this month, your score will recover as soon as the new balance reports. • The 30% rule is a ceiling, not a target: Staying under 30% keeps your score from taking a hit, but staying under 10% (or ideally 1% to 3%) gives you maximum FICO points. • Pay in full, avoid interest: You only need to let a small balance post on your statement closing date to show activity. Then, pay the entire statement balance before the due date. You get the credit score boost without paying a single dime in interest. Stop paying interest to build credit. Let the banks work for you, not the other way around. What percentage credit utilization are you currently reporting on your primary card? Drop it below! 👇 & I'll give you some hacks on how to decrease it!