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Established Member
Posts: 40
Registered: ‎07-07-2013
0

Cap 1 credit limit increase .. should I see FICO change?

Cap 1 card limit was just increased from 500 to 1000. 

Yay me!! Current utilization is under 10% .Going to keep it like that for ALAP ( as long as possible). 

 

Should i see any type of credit score bump? 

Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
0

Re: Cap 1 credit limit increase .. should I see FICO change?

Yes if your total utilization across all cards stays under 10 percent then you should see a bump in score

Last Pulled EQ: 809
Last Credit Card App: 02/05/2016
Last CLI: 02/06/2016
Find Me: Gardening
Senior Contributor
Posts: 4,301
Registered: ‎05-01-2008
0

Re: Cap 1 credit limit increase .. should I see FICO change?

Is this your only card?  If you have others, do they have balances?  What is your total limits (with this increase) and what are your total balances?

 

If that extra $500 really gave a boost your total credit, you will likely see a score increase within a month.  You have to wait until your statement closing date so they can report the new numbers to the 3 bureaus.



Starting Score: 02/2015 TU 709 - EQ 676 - EX 729
Current Score: 07/2015 TU 730 - EQ 699 - EX 724
Goal Score: 850

Bury me in the garden...last app 08.09.15

Valued Contributor
Posts: 1,715
Registered: ‎03-07-2013
0

Re: Cap 1 credit limit increase .. should I see FICO change?

Congrats on ur cli! If the cli is a decent percentage of your tl, then I wouldn't be surprised to see a nice bump in score Smiley Happy


GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
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Established Member
Posts: 40
Registered: ‎07-07-2013
0

Re: Cap 1 credit limit increase .. should I see FICO change?

current usage... 127 out of 1000

should see a bump huh?

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