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What factors determine your credit utilization ratio on credit scores?
Does carrying a balance on one card hurt your score if your total credit limit across all cards is high? What is the ideal utilization percentage target?
S
SmartBanker
asked 26d ago · 10 rep
1 Answer(s)
0
Both individual card balance and aggregate credit limits matter. Keep your overall monthly card balances under 10% of total available credit limits.
C
CreditScorePro
answered 26d ago