Credit Utilization Calculator
Work out your credit utilization ratio per card and in total, see how it affects your credit score and how much to pay to get below 30% or 10%.
Up to 10%: excellent. Up to 30%: good. Up to 50%: fair. Above 50%: high. Card issuers report the balance on your statement, so paying before the statement date lowers it.
What it does
Credit utilization is the share of your credit card limits you are using: your balances divided by your limits. It is one of the biggest factors in credit scores such as FICO and VantageScore, after payment history. Lower is better: below 30% is the common advice and people with the best scores usually stay below 10%.
How to use it
- Type the balance and the credit limit of each card.
- See the utilization of each card and the total.
- See how much to pay, or what limit you would need, to get to 30% or 10%.
The arithmetic runs in your browser. Nothing you type is sent anywhere and nothing is stored, so you can use these with real numbers.
Frequently asked questions
What is a good credit utilization ratio?
Below 30% is good and below 10% is excellent. Going above 50% usually lowers your score noticeably.
How do I calculate credit utilization?
Add up your balances and divide by your total limits. 3,600 of balances on 10,000 of limits is 36%: paying 600 brings it to 30% and paying 2,600 brings it to 10%.
Does closing a credit card hurt my score?
It can, because your total limit goes down while your balances stay the same, so your utilization goes up.
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