Credit Utilization Calculator
Check the share of your credit limit in use and its effect on your score.
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Formula
How the calculation works
Utilization is the balance divided by the limit, and it is the single biggest factor in a credit score after payment history.
The status bands run from excellent below ten percent to bad above seventy-five, and the payoff figure shows what to pay to reach the thirty percent line.
Common mistakes
- Checking only one card: the score looks at total utilization across all cards, not each one alone.
- Maxing a card for rewards and paying it off later, because the balance is reported on the statement date regardless of when you pay.
When to use it
- Use it before applying for new credit, when a lower utilization improves your chances.
- It is not a full credit report; it covers only the utilization part of the score.
Worked example
A 60,000 balance on a 200,000 limit is 30% utilization, which sits at the edge of the good band.
Common questions
What utilization is best for my score?
Keep it under 30% and ideally below 10% across all cards.
Does closing a card help?
Usually not. Closing a card lowers your total limit and can push utilization up.
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