Wollit
Best Credit Access Platform 2025
LoginGet Started
Home>Glossary>Credit utilisation

Credit utilisation

Credit scores & reports
The percentage of your available credit that you are currently using.

Overview

Utilisation is calculated by dividing your balances by your credit limits. High utilisation can signal higher risk to lenders.

Lower utilisation is generally better for your credit profile, especially if you keep balances low across multiple accounts.

Why it matters

  • It is a major factor in credit scoring.
  • High utilisation can reduce your score even if you pay on time.
  • Lower utilisation can improve eligibility for better rates.

Quick tips

  • Aim to keep balances low relative to your limits.
  • Spreading spend across accounts can lower individual utilisation.
  • Paying before your statement date can reduce reported balances.

FAQs

Is 0% utilisation best?

Not always. Some activity with on-time repayment can help build history, but high utilisation can be harmful.

Do all cards count toward utilisation?

Most revolving credit accounts count, but reporting can vary by lender and agency.

Related terms

Take control of your credit health

Get the complete credit toolkit — all features included.

Start building credit

Instant setup. No credit check. Cancel anytime.