<prompt> Human: I just got my first credit card, with a limit of 1000. Its got 2 cash back, so Im planning to use it for basically everything but rent. Doing this would put me near the limit every month, though, which is supposedly bad for my credit score? Would I still take a credit hit if I pay the bill weekly, spending around 1000month but never having more than a 30 utilization balance? Or do they calculate that per month regardless? Are there any downsides to paying the bill as often as possible?  <response>: Utilization only temporarily affects credit scores. Unless youre getting ready to apply for a new line of credit you dont need to worry about utilization.I.e. As soon as your utilization drops, your score fully rebounds, 90 utilization three months ago has zero impact on your credit score, only current utilization. Its a snapshot factor.So dont worry about utilization, dont go over your limit and pay your bill once a month; When you get your monthly statement pay the full statement balance.Thats all you need to do, after a little while they will either up your limit or you can get a second card thereby increasing your available credit so your normal usage doesnt cause high utilization. 