Free Canadian credit tool
Estimate your credit utilization in seconds
Enter the combined limits and balances on your revolving credit accounts. The calculator estimates your current utilization and the payment that would bring it to 29%.
Canadian credit utilization calculator
Use totals from credit cards and other revolving credit accounts. Do not include installment loans.
Your estimated utilization is
0%
How to calculate credit utilization
Credit utilization = total revolving balance ÷ total revolving credit limit × 100
For example, a $2,500 combined balance across cards with $10,000 in combined limits produces an estimated utilization of 25%. You can calculate the overall ratio and also review each account separately.
Why use a 29% target?
The Financial Consumer Agency of Canada advises trying to use less than 30% of available credit. This calculator uses 29% as a simple planning threshold. Read the current guidance directly from the Financial Consumer Agency of Canada.
What this estimate does not tell you
Credit scores can reflect payment history, account age, credit mix, inquiries and other information. Lower utilization does not guarantee approval, a particular score, or a score increase. Confirm balances, limits and reporting details with your financial institution.
Educational information only; not financial, legal, or credit-repair advice.