Don’t want to do the math? Check out Bankrate’s credit utilization ratio calculator. To better understand how your individual utilization rate is calculated, let’s run through an example ...

Credit utilization is the ratio of your overall credit balances (the amounts you currently owe to various lenders) to your credit limit (the maximum amount you’ve been approved to borrow).

Your credit utilization ratio is the amount of debt you have divided by your total credit limit. Credit utilization accounts for a decent chunk of your credit score, so aim to use no more than 30% ...

To maintain a healthy credit score, it's important to keep your credit utilization rate (CUR) low. The general rule of thumb has been that you don't want your CUR to exceed 30%, but increasingly ...

Discover why a perfect 850 credit score isn't necessary for financial success, and what you can do to improve your score.