No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
i see a few questions about utilization but didn't find the answer i was looking for, so sorry if this is answered else where. i know utilization is bal, to limit, but is it just total bal, to total limits or is it a combo of both total and individual. also if any one has any insight into charge cards play into utilization i would apperciate the info, i believe its based of largest past bal
limit bal
1200 100
1300 150
2100 500
1100 50
npsl 350-avg monthly higest past bal $700
@phillyguy12 wrote:i see a few questions about utilization but didn't find the answer i was looking for, so sorry if this is answered else where. i know utilization is bal, to limit, but is it just total bal, to total limits or is it a combo of both total and individual. also if any one has any insight into charge cards play into utilization i would apperciate the info, i believe its based of largest past bal
limit bal
1200 100
1300 150
2100 500
1100 50
npsl 350-avg monthly higest past bal $700
It's my understanding that utilization is looked at two different ways: Number of cards with a balance, and percentage of avilable credit used.
I personally have had the best results when only one card shows a balance, and that balance is less than 5% of my total available credit.
@distantarray recently posted a graph made by Bobwang from Creditboards in this thread and it shows the utilization effect on different credit profiles. Very useful information.