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 the Credit Utilization Calculator

The Credit Utilization Calculator helps you find out how much of your available credit you're using. This ratio is a key factor in determining your credit score. By calculating this figure, you can assess your Financial Health and make informed decisions to improve your credit standing. Keeping your utilization low is generally better for your credit score.

Why Credit Utilization Matters

Your credit utilization ratio is significant because it shows lenders how much credit you are using compared to what you have available. A lower ratio often leads to a higher credit score. Here’s why it’s important:

  • It affects approximately 30% of your credit score.
  • A good utilization rate can help you qualify for better loan terms.
  • High utilization can indicate financial distress to lenders.

How to Use the Calculator

Using the Credit Utilization Calculator is straightforward. You simply input your credit card balances and limits. The calculator does the math to show your overall utilization as well as details for each card. This clarity helps you see where you stand with your credit management efforts.

What Results Can You Expect?

The results from the calculator provide a comprehensive view of your credit health. You’ll see your overall utilization rate, total credit card balance, and available credit. Additionally, the calculator will break down individual card details, showing balances and limits for each card you enter, which can help you pinpoint areas for improvement.

Interpreting Your Utilization Results

Once you have your results, it's essential to understand what they mean. Here’s how your utilization rate can affect your credit:

  • 1-9%: Excellent – Optimal for your credit score.
  • 10-29%: Good – Still positive for your credit score.
  • 30-49%: Fair – May start to hurt your score.
  • 50-74%: Poor – Likely decreasing your score.
  • 75%+: Very Poor – Significantly damaging your credit score.

Improving Your Credit Utilization Ratio

If your ratio is higher than you'd like, don't worry! There are steps you can take to improve it. Consider the following tips:

  • Pay down existing credit card balances.
  • Request higher credit limits from your card issuers.
  • Keep old credit accounts open to increase your total available credit.

Understanding Individual vs. Overall Utilization

<pWhen managing your credit, it's essential to look at both individual card utilization and overall utilization across all cards. Even if your total utilization is low, having one maxed-out card can negatively impact your credit score. Strive to keep balances low on all cards for the best results.

Final Thoughts on Credit Utilization

The Credit Utilization Calculator is a valuable tool for anyone looking to manage their credit wisely. By understanding your utilization ratio and how it affects your credit health, you can make informed choices that benefit your financial future. Keeping an eye on this metric helps you maintain a strong credit profile.