(New York Times) — If you needed a reason to keep balances low on credit cards without set spending limits, here’s one. The way certain issuers report the cards with no preset spending limit (like Visa Signature and World MasterCard cards) to the credit bureaus could have a negative effect on your credit score if you carry a high balance. This is because of how the cards may affect the calculation of your credit utilization ratio, an important variable in calculating credit scores.
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