Credit Utilization Tool
Track balances across all your credit cards, monitor your total utilization, and see how much you'd need to pay down to hit a target utilization goal (like 30% or lower).
Cards & Balances
| Card | Limit ($) | Balance ($) | Utilization | |
|---|---|---|---|---|
| 12.0% | ||||
| 31.3% | ||||
| Totals | $18,000 | $3,700 | 20.6% |
Target utilization (overall)
Many lenders like to see total utilization at or below 30%, and often <20% for top-tier scores.
30%
You're already at or below your target utilization of 30%. No additional paydown is needed to hit this specific goal.
Overall Snapshot
Total credit limit$18,000
Total balances$3,700
Overall utilization20.6%
Overall utilization: 20.6%Good: generally within preferred range
Utilization is one of several factors in your credit score. Keeping it low (especially on your largest lines) is usually viewed more favorably.
Actionable Ideas
- • Focus paydowns on cards with the highest utilization first—those usually drag your score the most.
- • If you can't pay to your target immediately, aim to drop any card over 50–70% utilization first, then work toward <30%, then <10–20%.
- • Adding new credit lines purely for utilization can help the ratio but may add hard inquiries and tempt extra spending—treat that strategy with care.
- • This view is a snapshot. Lenders often look at utilization as reported on statement dates, not just a one-time point in the month.