Credit Utilization

[ShahilD]

I'm a student, and I currently have two credit cards. The combined limit is 20k. If I buy a product for 18k with a credit card and pay the amount before the bill or the bank report submission, will it affect my credit score?

 

[TaxWiser]

I'm a student, and I currently have two credit cards. The combined limit is 20k. If I buy a product for 18k with a credit card and pay the amount before the bill or the bank report submission, will it affect my credit score?

Just pay the extra amount in CC, so that Credit Utilization will be Atmost 25-30%, thus not negatively impacting the Credit Score or might result in increasing the Credit Score.
BTW if your Combined Limit of 2 CCs are 20K then how are you planning to make a purchase of 18K from single CC

Pro Tip: Make payment before Billing date thus Always Utilizing only 3-7% of the total Credit Limit to improve Credit Score