Canceling Your Old Credit Card? How It Can Impact Your Credit Score
Zee Business Video Team | Updated: December 18, 2024 05:39 PM IST
Your credit utilisation ratio is the proportion of your total available credit that you're currently using, and it significantly impacts your credit score. To maintain a low ratio, avoid maxing out your credit cards and try to keep your usage below 30 per cent of your total credit limit.
