Question: What is a Good Credit Card Balance?
Answer: When it comes to your credit score, a good credit card balance is less than 30% of your credit limit. If you have a credit card with a $100 credit limit, your balance should be less than $30. Of course, the best credit card balance is $0 because that means you don’t have any credit card debt. If you ever use your credit card, it's impossible to keep a $0 balance at all times.
Credit score aside, the a good credit card balance is the one you can afford to repay. Since the best way to control credit card debt is to pay off your balance every month, you should never charge more than your monthly discretionary income. That is, your income after taxes and expenses.
