Sentences with phrase «total credit limit»

A simple total balance owed divided by total credit limit.

Use money borrowed (up to available total credit limit) for any purpose * — consolidate debt, invest, fund a child's education, renovate a home or take a vacation.

But I would emphasize: this is significant only because I have no negatives on my report, a very high total credit limit, and a long history.

After verifying my card number, I entered my desired total credit limit along with my annual income.

The main factors used in determining your credit score include total credit limit, mix of credit accounts, amounts owed and other factors.

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

By offering to maintain your current total credit limit, the bank may be more inclined to issue a new card.

It's typically smart to not exceed 30 percent of your monthly total credit limit.

Use money borrowed (up to available total credit limit) for any purpose * — consolidate debt, invest, fund a child's education, renovate a home or take a vacation.

Second, more cards means a higher total credit limit.

Picking the desired total credit limit can be tricky if you want the highest possible credit limit without getting denied.

«Proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)» [3]

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.

Keep in mind that your credit rating will rise quickly if you make it a priority to never carry a balance of 30 percent of your card's total credit limit from one month to the next.

This graph illustrates a typical Home Account, with a 10 - year interest only period and subsequent amortizating total credit limit.

Transferring a balance onto a credit card will affect your «leverage ratio» (total credit balance over total credit limit) if the balance isn't coming from other cards.

Even if you don't use that card, as long as it doesn't have any fees associated with having it around, your credit utilization figures look better because of the larger total credit limit overall.

Determined by dividing total debt by total credit limits.

After a payment has been made, we reserve the right to withhold available credit, be it for your available Total Credit Limit and / or your available Cash Advance Limit, in the amount of the payment for 7 banking days.

This graph illustrates a typical Home Account Plus, with a 10 - year interest only period and subsequent amortizating total credit limit.

Having multiple credit cards means you have a higher total credit limit.

Clearing credit card debt, thereby decreasing your utilization ratio (the amount of debt you owe compared to your total credit limit), is another way to raise your score.

Depending on your personal situation, it could make sense to spread your credit card debt over three, four, or five cards, while keeping your balance on each of them below that 35 percent of the total credit limit mark, as opposed to maxing out one credit card.

For example, if you have a total credit limit of $ 1,000, and carry a balance of $ 500, your total credit utilization is be 50 %.

If you have two credit cards with limits of $ 2,000 and $ 4,000, for example, your total credit limit is $ 6,000.

The ideal credit utilization is 30 percent or lower — meaning your balances should not be more than 30 percent of your total credit limits.

The ratio divides your total revolving balances into the total credit limits for your revolving accounts.

Pay your bills on time, be wary of getting too close to your credit limit (expert advice: don't ever exceed 30 % of your total credit limit), and use your credit card regularly for a long period of time.

For example, if you have a total credit limit of $ 4,000 and two credit cards, and you have a balance of $, 1000 on one card and $ 0 on the other, you might think about closing the old card which you are not using.

Most banks will go a step forward and set a separate cash credit limit, which is just a small percentage of your total credit limit.

Your score takes into account the gap between your debt balance and your total credit limit.

As a rule of thumb, your credit cards balances should not be greater than 20 % of the total credit limit.

Applying this percentage then to your current balances totaling $ 20,000, your total credit limits are likely to be in the $ 80,000 to $ 133,000 range ($ 20,000 /.15; $ 20,000 /.25).

That means the amount of debt you're carrying versus how much your total credit limit is.

Furthermore, if after the balance transfer you end up with a credit card account using a big partition of it's total credit limit, your score will also go down.

You will be in default and we may demand immediate payment of the entire balance due on your Account if: (A) your Account is delinquent; (B) you exceed your Total Credit Limit; (C) you die or become insolvent; (D) you fail to keep any promise you have made in this Agreement; (E) you give us false or misleading information on your application; or (F) we have reason to believe in good faith that we will have difficulty collecting your Account.

Your Total Credit Limit is the amount of credit that we agree to extend to you at any one time under this Agreement («Total Credit Limit»).

Subject to any requirement to opt - in as provided by law, if we choose to allow such transactions, we may also approve, in our discretion (and charge you an Overlimit Fee for), transactions that cause you to exceed your Total Credit Limit without waiving any of our other rights under this Agreement, and if a transaction exceeds any such limits, you must pay us such transactions as any other charges to your Account.