We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Credit card limit utilization
Options
Comments
-
Thats not completely true, you can still struggle to get credit if you have high utilisation, regardless of income.
i was infact in the same situation you describe, my salary is 30k, i had about 3k limits, and was at over 90% use. And i struggled to get any more credit. One of the rejections even quoted the high usage as the problem
I eventually got another card at 3k, and since then, i've had much less trouble
were you paying in full each month?0 -
skybluesaver wrote: »Thankyou. I think i'll keep on making the occasional extra payment to my accounts when necessary to keep them below the 30% utilization rate. Sure i read somewhere sometime ago that this was the percentage that providers thought was responsible to stay below.
If you're paying them off in full every month, there's no need to make extra payments in between clearing the monthly statemented balances.0 -
When i view my credit report it quite clearly shows the current credit card balances, credit limit & how much spent & paid each month. It also gives a percentage of used available credit & anything over 30% utilization is shown as a negative point.0
-
skybluesaver wrote: »When i view my credit report it quite clearly shows the current credit card balances, credit limit & how much spent & paid each month. It also gives a percentage of used available credit & anything over 30% utilization is shown as a negative point.
Yes, if you're carrying a £10K debt out of £30K available, making minimum payments, not on a promotional rate, and on a £30K salary, prospective lenders may view it (perhaps slightly) negatively, but if you've small limits, a reasonable salary, and are clearing in full each month then they'll not be alarmed by your 30% month-on-month utilisation.
All in my opinion of course.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards