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Glossary · Credit Cards

Credit Utilization Ratio

Definition

Credit utilization is the percentage of your available credit that you are currently using.

Formula
Utilization = Balance / Credit Limit × 100

What is Credit Utilization Ratio?

Credit utilization is the percentage of your available credit that you are currently using.

How Credit Utilization Ratio works

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Why Credit Utilization Ratio matters

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Frequently asked questions