Using over 30% of your credit card limit? Here’s why it’s hurting your score and how to fix it

A higher credit limit helps lower your credit utilisation ratio (CUR) and boosts your credit score. It also increases your purchasing power for big-ticket expenses. You can earn more rewards and easily reach annual spend targets. Plus, it serves as a useful backup during financial emergencies.

Pro tip: Keep your CUR under 30%, pay bills on time, and review your limit regularly to keep your credit score strong.