Is It Bad To Keep A Zero Balance On A Credit Card

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4 years ago
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Is It Bad To Keep A Zero Balance On A Credit Card

The standard recommendation is to keep unused accounts with zero balances open. A zero balance on a credit card reflects positively on your credit report and means you have a zero balance-to-limit ratio, also known as the utilization rate. Generally, the lower your utilization rate, the better for your credit scores.

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