Having a larger credit limit will help you stay within a card utilization rate goal of 30%. However, you may need to deposit at least $300 to $500 for your card. Then, your actual limit will be either the total amount or some percentage of that amount. A smaller limit might be a good starting point, but everyone’s limit recommendation will vary depending on their unique financial situation.
Created by: Aazim Sharp
Modified on: Thu, 22 Mar, 2018 at 2:44 PM
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