Amount of credit used compared to the amount of credit available is measured by a term known as CUR. Expand CUR?

Amount of credit used compared to the amount of credit available is measured by a term known as CUR. Expand CUR?

The Correct Answer is Credit utilization rate. Amount of credit used compared to the amount of credit available is measured by a term known as CUR. CUR means Credit utilization rate. A metric called as CUR measures the amount of credit used compared to the quantity of credit available. Credit usage rate is abbreviated as CUR.

Question 1: With regards to credit card payments, what is the full form of APR?

Answer: Annual Percentage Rate

Question 2: Amount of credit used compared to the amount of credit available is measured by a term known as CUR. Expand CUR?

Answer: Credit utilization rate

Question 3: In 1946, John Biggins launched the _____ card. Purchases through this were forwarded to Biggins’ bank. Fill in the blanks?

Answer: Charg-It

Question 4: In 1966, a group of banks from which US state founded the Interbank Card Association that ultimately launched the Mastercard?

Answer: California

Question 5: Can you pay your credit card bill on Amazon?

Answer: Yes

How to Calculate the Credit Utilization Ratio

You can quickly assess your credit use because credit utilisation is a simple ratio. You only need to be aware of your credit card limitations and balances. Check your most recent credit card statement, go into your online account, or contact your credit card issuer in another method to obtain this information. Simply divide your balance by your limit once you have that information.

Your credit card debt can also be referred to as credit overuse. It’s a measurement of how much debt you have on your credit cards right now. Your credit utilisation ratio compares that debt to your total available credit.1 You can calculate the ratio on a card-by-card basis, but it’s more customary to look at your overall credit utilisation ratio across all of your credit cards.

https://www.thebalance.com/what-is-a-good-credit-utilization-ratio-960548

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