What Is a Credit Utilization Ratio?

Percentage of your available revolving credit that you’re using

Tunji Onigbanjo
2 min readJun 27, 2023

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Photo by CardMapr.nl on Unsplash

Your credit utilization ratio is the percentage of your available revolving credit that you’re currently using. For example, if you have a total credit limit of $10,000 across all your credit cards and you have used $3,000 across all your credit cards, your credit utilization ratio is 30% ($3,000

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