Does credit utilization total account for all credit, or per credit line???

[Anonymous]

I have three credit cards, 1 Wells Fargo secured with 300 limit, owe $50 currently ...

1 chase freedom $500 limit.. $0 balance

1 capital one quicksilver $500 limit ..$0 balance

So would my total utilization would be for all 3 cards together?? Or each card separate?? How would the credit bureaus determine my utilization ?? Thanks

[Anonymous]

Total utilization is for all cards combined. For you, it's 50/1300= 3.8% or 4%. Also note if you have one card at 90% of the card limit while all other at 0 balance, it could negatively affect your score eventhough the TU is under 30%.

Let's say both Capital one and Chase is $0 balance while WF is at $290. Your total utilization is 22% (which is okay), but each CR will calculate differently and that WF balance will cause your score to go down.

[Anonymous]

I wanted to make another $50 purchase with my Wells Fargo card.. Making total debt $100 .. Would I still be ok if other cards are zero balance ??

[RonM21]

All cards count, but I believe they also are scored individually, as mentioned.

[Anonymous]

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@Anonymous wrote:
I have three credit cards, 1 Wells Fargo secured with 300 limit, owe $50 currently ...

1 chase freedom $500 limit.. $0 balance

1 capital one quicksilver $500 limit ..$0 balance

So would my total utilization would be for all 3 cards together?? Or each card separate?? How would the credit bureaus determine my utilization ?? Thanks

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Both total UTI and inividual UTI as well as the number of accounts with balances are all part of the Credit Utilization portion of your scores.