Free Canadian credit tool

Canadian credit utilization calculator

See how much of your available revolving credit you are using—and estimate the payment that would bring the total to 29%.

PrivateCalculations stay in your browser.
PracticalGet a dollar target, not a lecture.
Canadian sourceBased on FCAC consumer guidance.

Enter your totals

Add balances and limits across your credit cards and lines of credit.

Use totals from your latest statements. This estimate is educational and is not financial or credit advice.

Why calculate 29%?

The Financial Consumer Agency of Canada says to try to use less than 30% of your total credit limit. This tool uses 29% as a simple below-30% planning target. Credit scores depend on multiple factors, and reaching this target does not guarantee a particular score or lending decision.

Read the FCAC guidance on Canada.ca