Credit Utilisation Calculator

- May 12, 2025
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Calculate your credit utilisation ratio, which measures how much of your available credit you're using. Lower ratios (under 30%) are generally better for your credit score.

Enter your credit card balances and limits to see your utilisation rate.

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About Credit Utilisation

Credit utilisation is one of the most important factors in your credit score calculation, typically accounting for about 30% of your score. It represents the percentage of your available credit that you're currently using.

Impact on Credit Score
  • Excellent (1-9%): Optimal for your credit score
  • Good (10-29%): Still positive for your score
  • Fair (30-49%): May start to negatively impact your score
  • Poor (50-74%): Likely decreasing your credit score
  • Very Poor (75%+): Significantly hurting your credit score
Tips to Improve Your Credit Utilisation
  • Pay down your credit card balances
  • Request credit limit increases
  • Keep older credit cards open, even if unused
  • Consider making multiple payments during the billing cycle
  • Apply for a new credit card (though this may temporarily decrease your score)
Individual vs. Overall Utilisation

Both your individual card utilisation and your overall utilisation across all cards affect your credit score. Having even one maxed-out card can negatively impact your score, even if your overall utilisation is low. Aim to keep balances low across all your cards.

Understanding Credit Utilization

Credit utilization is a key factor for your credit score. It shows how much of your available credit you’re using. Generally, experts recommend keeping this ratio below 30%. The lower your utilization, the better it is for your credit standing. Using our Credit Utilization Calculator can help you see where you stand.

What the Credit Utilization Calculator Does

This tool helps you calculate your credit utilization ratio easily. By entering your credit card balances and limits, you can see your overall utilization rate. It also breaks down the details for each card, so you know how each one contributes to your credit score.

How to Input Your Data

Simply add your credit card information into the calculator. You’ll need to provide the name of the card, the current balance, and the credit limit. If you have multiple cards, you can add more as you go. This way, you can get an accurate picture of your overall credit Health.

Understanding Your Results

Once you've entered your information, the calculator displays your credit utilization results. You’ll see your overall utilization rate, total balances, and available credit. The results are easy to read, giving you a clear view of your current Financial situation.

The Importance of Individual Card Details

The calculator also provides insights on each card. This way, you can see how each balance affects your overall credit utilization. Often, just one maxed-out card can hurt your score, even if your total utilization seems fine. Keeping an eye on individual card balances is crucial.

Why Choose This Calculator?

  • Simple to use with a clear layout
  • Provides both overall and individual card metrics
  • Shows visual representations of your utilization rate
  • Offers tips for improving your credit utilization

Tips for Managing Credit Utilization

  • Pay down outstanding balances regularly
  • Keep credit limits high by requesting increases
  • Avoid closing old credit accounts
  • Consider making extra payments during the month

Improving Your Credit Score

Maintaining a healthy credit utilization is vital for a good credit score. A ratio below 30% is generally advised, while below 10% is ideal. Keeping track of your utilization with this calculator can help you stay on top of your credit health.