Is Maxing Out Credit Cards Every Month And Paying Credit Cards Off Every Month Good For Your Credit

Though you pay off the entire credit card bill, maxing out your credit limit every month will have a negative impact on your credit score. Credit utilisation ratio has a considerable weightage in calculation of your credit score and exceeding above 50% of the credit limit could have a negative impact on your score despite your on-time payment. 

If your spending is so much, you can request the lender for increase in the credit limit. This could help you keep a low utilisation ratio and improve your score as well.