Quick answer
$2,200 of balances on $8,000 of limits is 27.5% utilization — in the 'good' range.
How it works
Credit utilization — balances divided by limits — is one of the biggest factors in your credit score. Under 30% is commonly advised; under 10% is ideal.
Formula
Utilization = total balances ÷ total credit limits × 100
Assumptions & limitations
- Results are rounded for display.
Formula and assumptions reviewed October 2026 by the Calculyn team. How we build our calculators
Frequently asked questions
Should I close old cards?
Usually no — closing a card shrinks your total limit, which raises utilization.
When is utilization measured?
Typically on your statement closing date, so paying before that date lowers what's reported.