What is ‘high balance,’ and how does it affect your score?

The credit report terms "high balance" and "high credit" represent the highest balance or highest amount of credit ever used on your credit card.

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The Weekly The latest news & offers Tuesday, May. 11, 2021   Featured Article   What is 'high balance,' and how does it affect your score? The credit report terms “high balance” and “high credit” represent the highest balance or highest amount of credit ever used on your credit card. Let’s explore how lenders use this information and how it affects your credit.   The hidden costs of free hotel award nights Even though free nights should be free in theory, sometimes you might be surprised to find yourself with an unexpected bill at checkout. Beware of these potential hidden costs of free hotel nights.       Fed reports card balances rose $6.4 billion in March The Fed’s G19  report finds that card balances continued to grow in March, while another Fed report found that bank lending had eased in the first quarter.

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