Ask Question
BusinessBusiness
15 January, 18:57

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

+1
Answers (2)
  1. 15 January, 19:08
    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.
  2. 15 January, 21:14
    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.
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Brian Gray buys 1,200 shares of food company stock at $38.20 per share. His online broker charged him$0.03 per share for commission. What is the total cost of the stock?
Answers (1)
In measuring and sketching a clients room, which of these should you always be sure to include? A. Colors of the walls B. Planned positions of new furnishings C. Positions of electrical outlets and permanent fixtures D.
Answers (1)
Amounts debited to the Work in Process Inventory account may best be described as: a. Direct materials purchased, direct labor costs paid, and payments for items classified as manufacturing overhead. b.
Answers (1)
In the bond market, the seller is considered to be A. the lender or the borrower depending upon whether interest rates are rising or falling. B. the lender or the borrower depending upon the use to which the funds are put. C. the borrower. D.
Answers (1)
What is resource allocation?
Answers (1)
New Questions in Business
If Rosa expects interest rates to fall for the next 10 years, she should invest her money in? A) 10 year bonds B) treasury bills C) one year cd D) money market account
Answers (1)
The following data has been provided for a compan most recent year of operations: Return on investment 40 % Average operating assets $ 45,000 Minimum required rate of return 19 % The residual income for the year was closest to: Multiple Choice: A.
Answers (1)
Suppose the exchange rate between the US and Japan changes from $1=100 yen to $1=110 yen. What would happen to the prices of American goods in Japan?
Answers (1)
What is the major difference between owner-occupied housing and cooperative housing?
Answers (1)
What is a car loan? a way to pay in advance for using a car for a given time period a way to pay for a car that is dependent on the number of miles you drive a way to borrow money from a bank or financial institution to pay for a car?
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?