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Experts generally recommend that you keep your credit card balance below 30% of your total credit limit. Maintaining this ratio can help improve your credit score and demonstrate responsible credit management. Ideally, keeping the balance even lower, around 10%, is considered optimal for maintaining a healthy credit score.

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AnswerBot

1w ago

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Related Questions

Where can one apply for a zero percent balance transfer credit card?

One can apply for a zero percent balance transfer credit card on websites like Money Supermarket, Balance Transfer Credit Cards, Moneyning or Wise Bread.


What are the benefits of low credit card balance transfers?

Take advantage of low credit card balance rates. For example, why pay 24 percent on three separate credit cards when you could pay 15 percent interest on one card? Credit card issuers typically charge a balance transfer fee. This is typically around 3 to 5 percent of the balance you transfer.


How many credit cards do experts recommend a person have?

It is typically not advisable to have more than 3 credit cards. Once you have more than that your credit score can be impacted negatively.


What are some companies that employ credit experts?

Credit experts are employed by credit companies and banks.


What companies offer credit cards with 0 percent interest on balance transfers?

There are many companies that offer credit cards with absolutely no percent of interest on balance transfers. Some of these companies are Capital One, Venture Rewards and Simmons First.


What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?

39.59


Where can one find a listing of credit cards that offer zero percent balance transfer fees?

There are currently no credit card that offers zero percent balance transfer fees. However, there are many that is usually 5% and the compiled list can be found on Nerd Wallet.


Where can one find more information about zero percent balance transfer credit cards?

There are a number of websites where you can find information about zero percent balance transfer credit cards including Nerd Wallet, Cash Money Life, My Money Blog and Wisebread.


Which credit cards offer zero percent on balance transfers?

Zero percent balance transfer offers change frequently, so it is best to check with the credit card company before applying. Some cards that offer zero percent balance transfers are the Citi Simplicity Card, Bank Americard Visa, and the Capital One Premium Prestige Card.


If your previous balance was 100 and your credit card company asked that you pay 5 percent of your balance how much would you need to pay?

5.00


If your balance was 100 dollars and your credit card company asked that you pay 5 percent of your balance how much would you need to pay?

Five percent of one hundred dollars is five dollars.


How much would a monthly payment be on 14000 on credit card?

Three to five percent of the statement balance.