What is credit utilization?

  • Updated
Your credit utilization is the total amount of credit you’re using, divided by the amount of credit available to you at a given time. If your total credit limit is $500, and you have a $100 balance on your card (assuming it’s the only card you have, ignoring loans, etc.), your utilization is 20% ($100/$500).
The best part? Since Fizz allows daily autopay, your credit utilization resets to 0 every 24 hours. That way, you don’t have to be concerned about keeping your credit utilization underneath the recommended 30% benchmark to build & maintain your credit!

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