Sentence examples for card utilization from inspiring English sources

Open Credit Card Utilization: 0%.

It also offers you a "credit report card" which grades you on each aspect of your credit history and behavior, including your open credit card utilization, percent of on-time payments, average age of open credit card lines, and more.

Key variables may include the authorization score, income, debt-to-income ratio, total revolving balance, and delinquencies, as well as other factors like the number of inquiries to the credit bureau, credit card utilization, number of recently opened trades at the credit bureau, and loan payment performance on prior Prosper loans.

Benefit: Lowers your credit card utilization.

You'll also decrease your credit card utilization in the process.

One major factor impacting your credit score is your credit card utilization rate.

When you max out your credit cards, the utilization teeters near 100percentt, which will have a negative impact on your credit score.

If you keep your spending steady, opening new cards — or raising the credit limit on your existing cards — lowers your utilization rate and generally lifts your score over time.

Watch out for: While you're working on lowering your balances, avoid using your credit cards with high utilization rates by leaving them behind when you leave the house.

Paying down debts, only using a small portion of your available credit limit, increasing your cards' credit limits and keeping credit cards open even when you don't regularly use the card could all lower your utilization rate.

Closing an unused credit card account pushes the utilization up (for consumers who carry a balance).