Michael Nordine notes the benefits of paying credit cards ahead of the due date, monitoring credit utilization rates, how credit companies report and the reasons to use autopay. He shares credit card debt is at an all-time high. It increased by 18.5 percent in 2022 to $930.6 billion.
Source: Better Report, July 3, 2023. Link. It’s also important to not regularly use more than 30% of your credit limit. If your limit is $10,000, for instance, try not to put more than $3,000 on your card in a single statement period.