Credit Utilization Calculator
Track and optimize your credit utilization across multiple cards
Credit Card Details
Results
Understanding Credit Utilization
Key Metrics
Essential factors in credit utilization:
Basic Metrics:
- Utilization Rate:
Percentage of available credit being used
- Per-Card Rate:
Individual utilization for each credit card
- Overall Rate:
Combined utilization across all cards
Credit Health
Impact on credit scores:
Key Factors:
- Optimal Range:
Keep utilization below 30% for best scores
- Warning Signs:
High utilization can lower credit scores
- Balance Impact:
Both per-card and overall rates matter
Credit Management Guide
Utilization Strategy
Key Steps:
- • Monitor utilization monthly
- • Keep balances low
- • Pay before statement date
- • Request limit increases
- • Spread balances wisely
Credit Protection
Best Practices:
- • Set up payment alerts
- • Track spending
- • Review statements
- • Monitor credit reports
- • Avoid maxing out cards
Score Improvement
Action Items:
- • Pay down balances
- • Keep old accounts open
- • Mix credit types
- • Make timely payments
- • Avoid new applications