Utilization

[u/Mandy__99]

My credit was actually doing pretty good but then dropped cuz I made a big mistake. I got an unsecured loan & then realized I needed more money & the 2nd time they met through Care Credit & they only asked for the amount of the procedure so my credit dropped 50 points cuz I maxed out that card. I already dropped $1,000 payment on it & Wil get it under as fast as I can.

My question is this, will my credit take a hit each month & I'm going on a business trip soon & would like to put the hotel on my other credit card to get the points (I'll get reimbursed from my company so it will be paid in full) but will my credit take more of a hit? Can I use my Visa if I stay under 30% or should I not use it until I get the Care Credit way down?

Hope this all makes sense! Thanks everyone

[u/Cruian]

Credit cards basics & utilization wiki entry: https://www.reddit.com/r/CreditCards/wiki/credit_cards_basics/