Credit Utilization Ratio Calculator

5 Top Tips to Improve Your Credit Utilization

1. Keep utilization below 30%: Aim to use less than 30% of your available credit across all cards, but ideally aim for under 10% for the best impact on your credit score.
2. Pay balances multiple times a month: This keeps your reported balance lower even if you’re actively using your cards.
3. Request credit limit increases: If you have a good payment history, request higher limits to improve your ratio without spending less.
4. Keep old accounts open: Even if you don’t use them, they contribute to your total available credit.
5. Consider balance transfers: Spreading high balances across multiple cards can be better than maxing out a single card.