I received my first statement on my new gas card, and wish this acct. and ALL my cc accounts to stay in the 1%-9% util range. So I'm picking middle ground at 5% util. Reasonable, right? my question: I have a CL of $400 on this gas card; my statement bal. is $320.80; I paid $300.00. soooooo, I calculate my util to be 5.2%. (leaving a bal. of 20.80 divided by CL of $400.00 = 5.2%) Am I looking at this correctly? if not, please tell me the methodology of the correct calculations. yeah, I know, I used it wayyyyy to much but this was, after all my first gas card, and wanted to test drive it. LOL 
@Anonymous wrote:
I received my first statement on my new gas card, and wish this acct. and ALL my cc accounts to stay in the 1%-9% util range. So I'm picking middle ground at 5% util. Reasonable, right? my question: I have a CL of $400 on this gas card; my statement bal. is $320.80; I paid $300.00. soooooo, I calculate my util to be 5.2%. (leaving a bal. of 20.80 divided by CL of $400.00 = 5.2%) Am I looking at this correctly? if not, please tell me the methodology of the correct calculations. yeah, I know, I used it wayyyyy to much but this was, after all my first gas card, and wanted to test drive it. LOL
Yes, correct.
You can also have 10 credit cards with $100 CL each and only carry 1 balance with $50 and you will still be at 5%. Either way is fine.
Overall util would be 5% in your example but one card would be at 50%, not so good. OP you want both your util on each card and your cumulative util (total for all cards) to be at 1-9%.
@Anonymous wrote:
@Anonymous wrote:
I received my first statement on my new gas card, and wish this acct. and ALL my cc accounts to stay in the 1%-9% util range. So I'm picking middle ground at 5% util. Reasonable, right? my question: I have a CL of $400 on this gas card; my statement bal. is $320.80; I paid $300.00. soooooo, I calculate my util to be 5.2%. (leaving a bal. of 20.80 divided by CL of $400.00 = 5.2%) Am I looking at this correctly? if not, please tell me the methodology of the correct calculations. yeah, I know, I used it wayyyyy to much but this was, after all my first gas card, and wanted to test drive it. LOL
Yes, correct.