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How is credit utilization ratio calculated? My understanding is that both your overall ratio (total debt / total line of credit) and the ratio per account/card is evaluated. However is this done real-time, i.e. at the time that you ask for your credit score to be generated or are there records kept per month?

I hit 75% utilization of my primary credit card yesterday so I called and requested a credit line increase from $8,000 to $20,000 which brings my utilization back down to under 50%. I assume the next time I ask for a credit score to be generated it may or may not catch this peak spending. But if it does it will compare it against the current credit limit ($20,000) not the one that existed at the time of the peak spending ($8,000).

I'm more interested in replies about whether my understanding of the utilization ratio calculation are correct than about whether one should care what the end result (credit score) is.
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