Nissan 370Z Forum - View Single Post

junior_jam · 10-31-2009, 03:20 PM

This is the reason why it's good to have high credit limits and use your credit wisely. This way, your total utilization percentage stays low.

For example, owing $5,000 on a card with a $6,000 limit is bad. Owing $5,000 on a card with a $25,000 limit is not. You owe the same amount of money but your utilization percentage is much lower.

Have you tried for PenFed's 3.99% loan?

10-31-2009, 03:20 PM	#5 (permalink)
junior_jam Base Member Join Date: Sep 2009 Location: NC Posts: 93 Drives: 09 370Z Rep Power: 16	This is the reason why it's good to have high credit limits and use your credit wisely. This way, your total utilization percentage stays low. For example, owing $5,000 on a card with a $6,000 limit is bad. Owing $5,000 on a card with a $25,000 limit is not. You owe the same amount of money but your utilization percentage is much lower. Have you tried for PenFed's 3.99% loan?