Stay well within your credit limit
Thursday, March 23, 2017, 5:02 PM
Credit bureaus consider your credit utilization ratio while calculating credit score. As lenders consider credit utilization ratio of over 40% as a sign of credit hungriness, frequent breaching of this level will reduce credit score and may adversely affect your loan eligibility in future. Instead, ask your credit card issuer to increase credit limit or avail additional credit cards to increase your credit limit.