kimr74•1mo ago

Just found out my credit utilization ratio is way higher than I thought

I was checking my credit score on Credit Karma last night and saw my utilization is at 72% because I only pay the minimum on one card. I always thought as long as I paid on time I was fine, but apparently this ratio is a huge deal for my score. Anyone else get blindsided by how much utilization actually matters?

3 comments

3 Comments

lee8471mo agoTop Commenter

Is 72% really that bad though?

michael6691mo ago

72% is still high enough to hurt if you're trying to grow your score...

markh851mo ago

Yeah 72% is pretty bad lol, I had one card hit 90% once during a move and my score dropped like 60 points overnight. @lee847 its wild how much they care about that number even if you pay on time.