Sentences with phrase «credit utilization ratio across»

So, if you have one card with a $ 10,000 credit line with a $ 5,000 balance and another card with a $ 1,000 credit line and a $ 200 balance, your total credit utilization ratio across both cards is 47 percent ($ 5,200 owed divided by total $ 11,000 in available credit).

Not exact matches

And if you carry a balance of $ 3,000 across both cards, then your credit utilization ratio is 50 %.

However, Chase looks at more than just your credit score — such as your debt to income ratio, credit utilization ratio, total credit limits across all banks, the total number of credit cards that you currently have, payment history on other credit cards and other proprietary factors that Chase may have in their algorithm.

A good rule of thumb is to keep your credit utilization ratio below 30 % at all times — both on a per - card basis and across all of your cards.

Someone with a $ 10,000 limit total across 4 cards, who then uses $ 2,000 of her credit has a credit utilization ratio of 20 %.

You can calculate your credit utilization ratio by adding up your total outstanding balances owed dividing it by the total credit limit across all of your open accounts.

For example, if your credit limit is $ 5,000 across all cards, and you have $ 3,500 in outstanding credit card debt, your utilization ratio is 70 percent.