Rs 60,000 credit card balance: Risk depends on utilization, not amount

• The risk of a Rs 60,000 credit card balance depends on its percentage of your total credit limit (utilization), not the absolute amount.
• High credit utilization, especially above 30%, can significantly damage your credit score even with timely payments, as it signals reliance on borrowed money.
• Paying only the minimum due keeps utilization high and accrues interest, gradually harming your score; a balance becomes dangerous if it persists, new loans are sought, or cash flow is unstable.
• To protect your score, aim to reduce utilization below 30% by clearing the full amount or making significant payments; spreading usage across cards or temporary limit increases can also help.
• Temporary high balances don't always cause permanent damage if paid down actively; credit health is a long-term reflection of consistent behavior.

Why It Matters: High credit card utilization, not the amount, damages your credit score.