Post BK7 (16 months), approved for Cap1 Savor - But also need help

[whipped]

I burnt Synchrony horribly when I filed for my BK7 coming up on two years this spring. I swore I would never have credit cards again but know I need to rebuild it at some point.

 

I heard Cap1 can be BK friendly so got approved for the Savor (couldn't do QS or others).

 

I'll probably use it for a very small amount but my question is; is the rule the same for rebuilding as far as credit load vs. total limit? I'm planning to keeping it under 9% or lower. If not show a very small balance each month OR pay it off before the statement date?

[shifter]

It's not entirely important on a month to month basis with only 1 card, but you do want to establish good habits. Showing a very small balance on one card is the ideal. 

 

That said ideally for rebuilding you want to get at least 3 cards as quickly as possible to allow them to age for 12 months. Then for long term credit health you want 5 cards minimum. 

[whipped]

19 hours ago, shifter said:

It's not entirely important on a month to month basis with only 1 card, but you do want to establish good habits. Showing a very small balance on one card is the ideal. 

 

That said ideally for rebuilding you want to get at least 3 cards as quickly as possible to allow them to age for 12 months. Then for long term credit health you want 5 cards minimum. 

 

Thank you. I was approved yesterday for my second card (Mission Lane). I'm trying my hardest to save and not lured back into where I ended up so that will be my end goal is to keep a good financial habit.