Q & ACategory: LoanCredit card limit
isaac edward asked 2 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 2 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.