Experts recommend that if you have a credit card balance, you keep the balance below what percent of the total credit limit?

A. 10

B. 15

C. 20

D. 30

Question

Jazlene Garrett

Business

15 February, 05:07

Experts recommend that if you have a credit card balance, you keep the balance below what percent of the total credit limit?

A. 10

B. 15

C. 20

D. 30

+5

Answers (2)

Know the Answer?

Dangelo · Answer 1

30%

Explanation:

The balance in the credit card refers to the amount of money that you owe to tha bank and it is recommended by experts that you should keep your balance below 30% of the total credit limit because that percentage shows that you have a responsible use of your credit and that you don't depend on it. Also, the low credit levels are also related to high credit scores.

Elyse Keith · Answer 2

D. 30%

Explanation:

Using more than 30% of available credit can be seen as a negative. The percentage of available credit that you actually use is your "credit utilization" which factors in to your credit score.

Experts recommend that if you have a credit card balance, you keep the balance below what percent of the total credit limit?A. 10B. 15C. 20D. 30

Experts recommend that if you have a credit card balance, you keep the balance below what percent of the total credit limit?

A. 10

B. 15

C. 20

D. 30