Question

You have four credit cards. Each has a balance of $950, but their credit limits are $1,200, $2,200, $2,400, and $3,000. Paying off and closing which card would decrease your debt ratio MOST?

Answer 1

Card 1

Explanation:

The card with the highest debt ratio is Card 1 (79%). Paying off and closing Card 1 would decrease your debt ratio the most.