How to handle Credit Card Statement for best scoring? · Cloud Residents

How to handle Credit Card Statement for best scoring?

Hello!

I just got my first C1 CC wit a CL of 500USD and want to use it the best way.

What is the best way?

Sometimes I read that you should keep the Credit Utilization Rate low at around 10%

Is that true? That means with my CC I should only spend 50USD.-

What I did: I spend almost 500 USD and before the date due I lowered it to 50USD with a payment. Now the statement is 50 USD and I need to pay this.

My idea: I show the bank that I actually use the card but at the same time CU is kept low.

Any ideas on that?

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