Sentences with phrase «total combined credit limits»

You want to stay under 10 % of your total combined credit limits across all cards.

Not exact matches

My Australian cards had a combined total credit limit of about USD 40,000 with nothing owing.

As you can see from the above rules, the presence or absence of a credit limit will determine how that closed card influences your score — particularly in the combined utilization calculations that look at your card usage in total.

But if you close Card C because you don't use it anymore, the combined utilization rate of the two remaining cards shoots up to 40 % ($ 800 in total balances divided by $ 2,000 in credit limits).

Together, the utilization rate for the cards is 27 % ($ 800 in total balances divided by $ 3,000 in combined credit limits).

So, if you have credit cards with a combined total limit of $ 10,000, avoid charging more than $ 3,000 at any given time.

Specifically, this is your combined credit utilization percentage (total card balances / credit limits) that, once it gets higher than 25 percent or so, could be impacted when any card is closed.

For example, if you have two credit cards with a combined balance of $ 5,000, and the total limit across those two cards is $ 10,000, then you are using half of your available limit.

If you have three credit cards with $ 10,000 limits each for combined total credit of $ 30,000 but are carrying balances totaling $ 25,000 you'll be considered at high risk for default.

I have three credit cards with zero balance (only $ 700 total limit combined!)

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.

Your total credit limit (combined with the borrowing limits of your other credit lines) will decrease.