Keeping this ratio low can give a big boost to your credit score Written By Written by Contributor, Buy Side Michelle Lambright Black is a contributor to Buy Side and credit expert specializing in ...

Your credit utilization ratio accounts for 30 percent of your FICO score and is calculated by dividing the total debt you have on your revolving credit accounts by your total credit limits you have on ...

With increasing digitalisation, the use of credit cards is growing and banks are offering attractive benefits such as cashbacks, discount coupons and reward points benefits to attract new customers.

Do you usually use more than 30% of your credit card limit every month or in most months? If so, it can harm your credit score. If you are wondering how, it is due to the higher credit utilisation ...

Maintaining a low credit utilisation ratio is instrumental in enhancing your credit score. It signals to lenders that you are adept at managing credit responsibly without exhausting your credit card.