Sentences with phrase «combined credit limits on all your cards»

-- then you simply add up all of your cards» balances, divide that number by the combined credit limits on your cards, and multiply by 100.

Not exact matches

By making on - time minimum payments to all creditors and maintaining account balances below credit limits, a secured credit card combined with responsible financial behavior can help you establish or rebuild your credit history.

Unlike many credit cards for bad credit, the Discover it Secured card gives you 2 percent cash back for restaurants and gas station purchases and 1 percent on everything else, up to a $ 1,000 combined purchase limit.

To be the ideal customer from the credit card company point of view, you should have a running balance that stays reasonably below your credit limit, combined with a history of paying your bills on time.

If you have 4 credit cards with a combined spending limit of $ 10,000, and the combined outstanding balance on these 4 credit cards is $ 3,500, your utilization rate is 35 % ($ 3,500 / $ 10,000 = 35 %).

The two main credit scoring forces at work in this discussion are the credit utilization (card balance / limit) percentages calculated on both an individual and combined account basis, with combined utilization always having the most scoring impact.

Outside of that, the 3 % category on the SimplyCash ® Plus Business Credit Card from American Express will always outperform the Ink Business Cash ℠ Credit Card, combined with the fact that it has double the limit on its bonus categories.

If you have a combined credit limit of $ 20,000 on your credit cards, and you have $ 10,000 of credit card debt, you are using 50 percent of your available credit.

If I have two cards with a combined limit of $ 10,000, and my combined balance on both cards is $ 5,000, then I'm using half of my available credit limit.

Since store cards are included in credit utilization (balance / limit percentage) calculations, along with credit cards, I'm guessing that the $ 9K balance is taking up a good portion of that card's credit limit and, depending on how you pay it over the 12 months, is likely to continue contributing to a higher combined utilization percentage than you'd otherwise be seeing.

This card combines the ThankYou points reward system with rewards for signing up for paperless statements, paying on time and staying below your credit limit.

Once added to your credit file, the latest account balance and credit limit on the authorized user card will be included in your own credit utilization calculations that look at both individual and combined card usage.

Unlike many credit cards for bad credit, the Discover it Secured card gives you 2 percent cash back for restaurants and gas station purchases and 1 percent on everything else, up to a $ 1,000 combined purchase limit.

It is a given that banks prefer a utilization ratio no more than 30 %, so if you have $ 10,000 credit limit on all of your cards combined (say, $ 1,000 $ 3,000 and $ 6000), you shouldn't carry more than $ 3,000 of a balance.

The BankAmericard Cash Rewards ™ Credit Card gives users 2 % cash back at grocery stores and plus wholesale clubs, and 3 % back on gas — both are limited to the first $ 2,500 in combined spending each quarter.

For example, if you have two credit card accounts with a combined credit limit of $ 15,000 and your combined balance on both is $ 8,000, your credit utilization is 53 %.

Around 70 % of your credit score is determined by your payments history and your credit utilization ratio, which is how much you owe on your credit cards compared with the total limit on all of those cards combined.

If getting the limit raised on an existing card isn't an option, then try to apply for the fewest number of credit cards so that the combined credit limit meets your needs.

Subject to credit approval there is a limited time offer where new cardholders who open a Walmart Credit Card can save $ 25 when you spend at least $ 25 on your first qualifying purchase made the same day the account is opened, offer can not be combined with any other offer, purchase not eligible for cash back recredit approval there is a limited time offer where new cardholders who open a Walmart Credit Card can save $ 25 when you spend at least $ 25 on your first qualifying purchase made the same day the account is opened, offer can not be combined with any other offer, purchase not eligible for cash back reCredit Card can save $ 25 when you spend at least $ 25 on your first qualifying purchase made the same day the account is opened, offer can not be combined with any other offer, purchase not eligible for cash back rewards.

«The extended time needed to repair credit scores or save for a downpayment, combined with other overlapping post-distress factors on credit quality such as missed auto loan or credit card payments, will limit the ability for many to buy in the current credit environment,» he said.