Credit Utilization Ratio
Enter your current balance and credit limit to see what percentage of available credit you're using.
CalcSimpler Examples
- $500 balance on $2,000 limit ⇒ 25% utilization
- $1,200 balance on $1,500 limit ⇒ 80% utilization
- $300 balance on $3,000 limit ⇒ 10% utilization
FAQ
What is credit utilization?
It's the percentage of your credit limit you're currently using.
Why does it matter?
High utilization can lower your credit score.
Is lower better?
Yes, keeping utilization below 30% is often recommended.
Does this include multiple cards?
This calculator is for a single card; add balances and limits to compute overall utilization.
How can I lower my utilization ratio?
Pay down existing balances or ask for a higher credit limit while avoiding new charges.
Additional Information
- Credit experts often suggest keeping utilization below 30% for a healthy score.
- Utilization can be calculated for each card or across all cards by summing balances and limits.
CalcSimpler