Does the amount of money being spend matters to my credit scores?

Question

I just recently started using credit cards.

I don't have anything but credit cards.

Is it kind like more money being spend = higher credit scores go up?

Answer 1

Yes, you're absolutely right. The more you charge to your cards, the higher your debt to income ratios becomes. You want to keep your purchases 30% below your card limit(s). Do not max them out and pay them in full whenever possible and ALWAYS the minimum on TIME if full payment isn't possible.