r/FinancialPlanning • u/Dependent-Nail8581 • 1d ago

In need of credit card help/tips

So I turned 18 and I’m getting my first credit card and wanted to build good practices, my credit line is set to 200$ so I did research and I understand I have to stay under 60$.My plan was using my credit card to pay a streaming service that will be 16$ every month and I would pay the credit card off when I had to, but my friend said I should use 25$ every week towards gas or whatever and pay it off every week so I don’t know which one would work best

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u/SincerelyInteresting 1d ago

You want some credit utilization. The best option would be to use it as you need, but don't go over ~30% of your limit. If you exceed this just pay off some of it. You can pay the bill early no problem, but show a good habit of using the credit and paying it will build your credit and likely net you a higher limit.