4 – Utilization Recap

    1010

    All that make sense? If so, great! You can skip to the next section.

    For all the visual learners out there, here is the calculation you’ll make determine you credit card use percentage.

    Divide the balance, or what you have spend on your credit card… by the total limit available on your card. If your card has a $1,000.00 limit and you have spent $600.00 dollars of that limit… you will divide 600 by 1000 to get a card usage of 60%.

    Remember, you always want to stay at 30% or lower… 

    Click next to move on to the following lesson.