Curious about your credit utilization ratio? Enter your credit card balance and credit limit, and our Credit Utilization Ratio Calculator will show you the percentage of your credit used.
Credit Utilization Ratio Calculator
Credit Utilization Ratio Calculator
| Component | Description |
|---|---|
| Total Credit Card Balances | The total amount of outstanding balances on all credit cards. |
| Total Credit Limit | The total credit limit available across all credit cards. |
| Credit Utilization Ratio | The percentage of the total credit limit that is being used. |
| Formula | Credit Utilization Ratio = (Total Credit Card Balances / Total Credit Limit) × 100 |
| Purpose | Used to measure how much of the available credit is being used, which is a key factor in credit scoring models. |