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Credit Utilization Calculator


Your credit utilization ratio is the percentage of available credit you are using, and is an important factor in determining your credit score.

Keeping credit card balances low even when your limits are high (low credit utilization), suggests you know how to use your available credit wisely. Maxing out your credit cards or coming close to your credit limits (high utilization), indicates you might not be financially responsible or under some financial strain. A high rate of credit card utilization makes lenders wonder if you might have trouble taking on (or paying back) a new loan.

Aim for keeping your credit utilization ratio below 30%, both for each credit account and for your total credit overall.

To calculate your credit utilization ratio, gather your credit card and revolving loan statements and plug them into this credit calculator tool from our friends at Nerd Wallet.

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