How the calculation works
credit utilization = total reported balances ÷ total revolving limits × 100
A $2,000 reported balance across $10,000 of limits produces 20% utilization. This calculator is educational: lenders and scoring models may evaluate utilization differently, and no percentage guarantees a particular credit decision or score.
For examples, reporting details, and per-card calculations, read Bremo’s Canadian credit utilization formula guide.
Frequently asked questions
Should I include installment loans?
No. This calculator is designed for revolving credit such as credit cards and lines of credit, not fixed-payment installment loans.
Can utilization exceed 100%?
Yes. A balance can exceed its stated limit because of interest, fees, or an over-limit transaction.
Does checking this calculator affect my credit?
No. The calculation runs in your browser and does not request a credit report.