How to use the Credit Utilization Calculator
Enter the total card balances and total credit limit and the result appears straight away. Everything runs in your browser, so nothing you type is uploaded.
How it works
Calculated from the inputs shown in this tool.
Examples
- 1,000 owed on a 10,000 limit
Credit utilization: 10%
- 4,500 owed on a 15,000 limit
Credit utilization: 30%
- 2,800 owed on a 3,000 limit
Credit utilization: 93.33%
Limitations and assumptions
Confirm assumptions, units and applicable local rules before relying on results. Detailed content, accessibility and edge-case review remains ongoing.
Frequently asked questions
How is credit utilization calculated?
Total balances ÷ total credit limits × 100.
What is a good ratio?
Many sources suggest staying below 30%, and lower is generally better.
Does it matter when the balance is reported?
Yes, issuers usually report at statement close, so paying before then lowers the figure.
Does closing a card help?
Not usually, since it lowers your total limit.