Ask Question
BusinessBusiness
5 December, 07:59

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)
  1. 5 December, 09:52
    0
    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.
  2. 5 December, 10:09
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What term refers to the United States' sale of steel to Germany? A) consumer B) business C) government D) national export
Answers (2)
There are 15 animal keepers working for the XYZ Company. Their supervisor is required to rate the performance of these workers based on the following criteria: 30% of the animal keepers will be rated as below-average, 40% of the animal keepers will
Answers (1)
A firm has 56 units of product X on hand. Forecasts of demand are for 20 units per week. An MPS quantity of 100 units is planned to arrive in period 3. Customer orders are 24 for period 1,18 for period 2, and 15 for period 3.
Answers (1)
Nigel's grandmother, Helen, owned about 500 acres of land. When Helen died her will stated that each of her children and grandchild were to receive equal shares of this highly valuable property.
Answers (1)
Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent year.
Answers (1)
New Questions in Business
Which statement below correctly describes how to manage span of control using the modular concept? A. Span of control may be extended beyond 1:10 in order to ensure that more resources can be deployed on complex, large incidentsB.
Answers (1)
The ultimate goal of the marketing process is to do which of the following?
Answers (1)
What effect do you think seasonal demand might have on the price of goods? Explain why.
Answers (1)
Welfare economics explains which of the following in the market for televisions? a. The government sets the quantity of televisions; firms respond to the quantity by charging a specific price. b.
Answers (1)
Cardinal Company is considering a five-year project that would require a $2,890,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%.
Answers (1)
Home » Business » 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
Sign Up Forgot Password?