Credit Utilization Calculator

Calculate your credit utilization ratio and understand how it impacts your credit score. Optimize your credit usage to improve your financial health.

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Your Credit Utilization

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What is Credit Utilization?

Credit utilization is the ratio of your credit card balances to your credit limits. It's a key factor in calculating your credit score, accounting for about 30% of your FICO score.

A lower credit utilization ratio is better for your credit score. Experts recommend keeping your utilization below 30% to maintain a good credit score, and below 10% for an excellent score.

Improving Your Credit Utilization

  • Pay down credit card balances before the statement closing date
  • Request credit limit increases (without applying for new credit)
  • Spread expenses across multiple cards to keep individual utilization low
  • Keep old accounts open to maintain your total available credit

Frequently Asked Questions

What is a good credit utilization ratio?

How often should I check my credit utilization?

Does credit utilization affect my credit score immediately?

Is individual card utilization or overall utilization more important?