# 10+ Ways How To Calculate Credit Card Utilization

10+ Ways How To Calculate Credit Card Utilization. Monthly interest payment = 0.00041 × 450 × 30 = \$5.54. If we calculate that as a percentage (30%), we have your credit card utilization rate. The answer will be your utilization. Jon's interest payment for the month of june is \$5.54.

Use our credit utilization ratio calculator to determine the percentage of available credit you are using. Your credit utilization ratio is the amount you owe across your credit cards (and other revolving credit lines) compared to your total available. Many or all of the products featured here are from our partners who.

## Your credit utilization ratio is the amount you owe across your credit cards (and other revolving credit lines) compared to your total available.

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To calculate your credit utilization ratio, divide your debt by the total amount of credit available to you and multiply this number by 100. Many or all of the products featured here are from our partners who. Next, take that total and multiply it by 100 to get your percentage rate.