Does maxing your card and then paying statement in full good for raising Fico?

[Stephanie]

If I max my credit card but pay the statement in full before the due date, will it hurt my credit score or will it actually raise it? Thanks.

[Tracy Winters]

It will raise your Fico score

What’s bad for your score is to carrying the balance from one month to the other.

As long as you pay the balance in full every month, it will build your score and increase your Fico.
Don’t let the maximum 35% utilization stuff confuse you. What kills credit scores is carrying a balance, not utilization.

In fact, if you continue to almost max out the card and pay it in full every month, the credit card company is likely to increase your limit. It’s the fastest way to get a limit increase.

[Author]

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