Hi there! I just got my first ever credit card in the mail. (I'm 26, researched and applied for it, intend to pay it off in full every cycle) I wanted to have one just to build credit, but I picked one with cash back, because I love dollars. Here's my question: I know that utilization is important to pay attention to with credit cards, that basically you should only spend like 30% of your limit before it becomes bad for your credit. That said, I'm in school right now (tuition reimbursed by employer) and will be paying about 5k upfront every semester (2x per year). I do have the money, I'll be able to pay it off immediately but it's 5k out of a 6k credit limit. Is that going to ruin my credit score for a long time if I do it like 6 times in 3 years and then never again? I don't plan on needing the score to be good right away, I just wanted to start building before I needed it.
thanks!