If your credit card limit is $15,000 and lenders like to see you using no more than 30% of your available credit,what is the most you should charge?
A) $450
B) $4,500
C) $11,500
D) $30

Name: If your credit card limit is $15,000 and lenders like to see you using no more than 30% of your available credit,what is the most you should charge? A) $450 B) $4,500 C) $11,500 D) $30
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

30% of $15,000 is $4,500, so you should charge no more than $4,500 to stay within the recommended credit utilization ratio.

If Your Credit Card Limit Is $15,000 and Lenders Like