isaac edward asked 6 years ago
How many % of your monthly salary is ideal credit card limit. As for now the banks are providing me in total 10times of my monthly salary, Is it ok or too much?
1 Answers
KCLau Staff answered 6 years ago
For good credit score (good score helps in future loan), you want to have high credit limit on your cards, but use not more than 30%.
You should have as high credit limit as possible. The important thing is not to use the credit you can’t afford to pay back.