Credit Utilization Monitor

(maybe this has already been suggested? sorry if it has)

I don’t know how much of your credit card information Emma access to so I don’t know if this can necessarily work, but it would be really cool if Emma monitored credit utilization of all credit cards since it’s kind of like a hub for all your cards and expenses. If it is indeed possible that Emma has access to your credit limit, it can calculate 30% of your total limit for credit utilization purposes and let you know if you have reached/exceeded the amount you should use on your card. Here’s a little visual of what I imagine (but of course any way this feature is possible will work)

                                August 2019

.$1000 (Total limit) ------------------------------------------------------------------------------------------
.
.
.
.
.
.
. $300 (Recommended spending amount) ----------------------------------------------------------

.
$150 (Current amount spent)-----------------------------------------------------------------------------

.$0---------------------------------------------------------------------------------------------------------------

     (Be careful! you're halfway through your recommended spending amount)

If this was a feature, it would reeeaalllyy help with monitoring credit scores, especially for people who have a low credit limit and can reach high utilization easily.

3 Likes

Hey @kamsi27, thanks for sharing on the forum!

I think this is a great idea and we have been just building something similar. :wink:

We are adding a card in the weekly reports that check the credit utilisation and tells people to slow down, so the credit score doesn’t get an impact.

ps: I think an addition to this it would be a proper notification.