MoneyWellth uses colored visual indicators to help you quickly understand your credit utilization. These red and green indicators appear throughout the Credit Utilization insights and are used for both your overall credit utilization and individual account utilization, including the progress bars and percentages displayed throughout the widget.
Green Indicator
- Your utilization is below 30%.
- This is considered a healthy utilization range.
Red Indicator
- Your utilization has reached or exceeded 30%.
- This indicates an opportunity to pay down balances and reduce your credit utilization.
The total credit utilization indicator at the top of the widget reflects your combined utilization across all included credit card accounts. This is the most important indicator to monitor, as it represents your total credit usage and is one of the key factors that can impact your credit score.
Each credit card account also displays its own utilization percentage. Reviewing individual account utilization can help you identify which accounts are contributing most to your overall utilization and prioritize which balances to pay down first.