Credit Utilization Calculator

Credit utilization is the share of your available card credit that you are using. It is one of the largest factors in a credit score, and it is measured both overall and on each card.

Enter your figures below. Results update as you type.

Result

Credit utilization18.8%Good: under 30%

  • Good under 30
  • High 30-50
  • Very high 50+
Total balances
$1,500.00
Total credit limits
$8,000.00
Card 1 utilization
24%
Card 2 utilization
10%
Pay down to reach 30%
$0.00
Pay down to reach 10%
$700.00

How the Credit Utilization calculation works

Utilization = total card balances / total credit limits x 100

Balances of $1,200 and $300 on limits of $5,000 and $3,000 give an overall utilization of 18.8%. Paying off $700 would bring it to 10%.

Frequently asked questions

What is a good credit utilization ratio?

Under 30% is the usual guideline, and under 10% is associated with the best scores. Utilization has no memory in most scoring models, so paying balances down improves it as soon as the new balance is reported.

Does paying off a card every month give 0% utilization?

Not necessarily. Issuers report the balance on your statement date. If you want a lower reported figure, pay before the statement closes.

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