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I have a credit card with a very low limit, which I finish regularly in a very limited time. will using it to the limit and pay the balance several time per one statement help to build the credit score and increase the limit.

If not, I should probably use the credit card until I reach the limit and start using the debit card, because it's annoying to monitor the usage and pay the balance every couple of days. but it worth it if this help to increase the limit quickly and build up the credit score.

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  • Just ask the institution for a higher limit; they're always happy to lend more money.
    – John Mee
    Commented Aug 20, 2015 at 1:20
  • not if I am new to the country and have no credit history @JohnMee
    – Mark Khateeb
    Commented Aug 20, 2015 at 1:26
  • What country are you in? In the US it wouldn't matter, all you need is a non-zero balance and then to pay it so you get a paid-as-agreed posted to your credit report.
    – Loren Pechtel
    Commented Aug 20, 2015 at 1:51
  • It's hard to predict exactly when a credit card company will let you increase the limit, but yes, in general using it and paying it off will increase your odds of getting the limit increased.
    – BrenBarn
    Commented Aug 20, 2015 at 1:54
  • I am in the UK.
    – Mark Khateeb
    Commented Aug 20, 2015 at 2:02

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I have a credit card with a very low limit, which I finish regularly in a very limited time. will using it to the limit and pay the balance several time per one statement help to build the credit score and increase the limit

Generally the feeds to Credit Bureau are once a month. So if you are paying several times a month and utilizing it, this does not show up. In case of cards the outstanding Balance, Credit limit, days past due, Card Opening Date, etc are reported. Thus in your case, this will not increase your credit limit. Most Credit Scoring agencies track Utilization, i.e. Overall Limit to Balance due. The less the utilization the better the score.

Hence if you are looking to increase your score, it would help to get a better limit on the card to drive down the utilization ratio.

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