Credit Utilization Calculator

How to use this calculator

1. Enter balances and limits for up to four cards.
2. Review total balances, total limits, and utilization percentage.
3. Use the result to gauge how close you are to recommended utilization targets.

Inputs explained

Card balance

Current statement or reported balance for the card.

Card limit

Credit limit for the card.

When to use it

• Checking utilization before applying for credit.
• Setting payoff targets to reach <30%, <10%, or other goals.
• Monitoring utilization across multiple cards in one place.

Tips & cautions

• Lower utilization generally helps credit scores; aim for under 30% overall, under 10% for best impact.
• Pay down balances before statement close to reduce reported utilization.
• Unused cards with limits can help utilization—avoid unnecessary closures if you need lower utilization.
• Ignores per-card utilization, which some lenders also review.
• Does not include installment loans; this is revolving utilization only.
• Assumes fixed limits; adjust if your credit lines change.

Worked examples

Deep dive

FAQs

Does per-card utilization matter?

Yes, some scoring models look at per-card utilization. This calculator shows overall; keep individual cards reasonable too.

When is utilization reported?

Usually at statement close. Paying before close can reduce reported balances.

Do installment loans count?

No. Utilization here is for revolving credit (cards/lines).

What about authorized user cards?

Include them if they report to your credit; they affect your utilization.

Should I close unused cards?

Closing reduces total limits and can raise utilization. Consider keeping no-fee cards open to help utilization.

Related calculators