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Credit Limit Increase

Established Member

Credit Limit Increase

I recently received a credit limit increase on my mastercard.  I did not ask for an increase and have been paying the card down.  Will this increase cause my credit score to go up or down? 

 

Thank you.

Message 1 of 7
6 REPLIES
Epic Contributor

Re: Credit Limit Increase

if it reduces your overall debt, it will cause your score to go up

Message 2 of 7
Valued Contributor

Re: Credit Limit Increase

 


Creditaddict wrote:

if it reduces your overall debt to income ratio, it will cause your score to go up


^

 


Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
Message 3 of 7
Established Member

Re: Credit Limit Increase

Your credit score will go up. Credit Limit Increases are a good thing! Smiley Happy

Message 4 of 7
Epic Contributor

Re: Credit Limit Increase

 


thrasher865 wrote:

 


Creditaddict wrote:

if it reduces your overall debt to income ratio, it will cause your score to go up


^

 


 

a credit report doesn't know your income.

If it reduces your debt to credit limits....  your overall utilization on your credit accounts

Message 5 of 7
Established Member

Re: Credit Limit Increase

Thank you everyone!!!!!!

Message 6 of 7
Highlighted
New Contributor

Re: Credit Limit Increase

congrats!!!

EQ Starting Score: 584 | TU Starting Score: 547
EQ Current Score: 650 | TU Current Score: 643 | EX Current Score: 643
EQ Goal Score: 700 | TU Goal Score: 700 | EX Goal Score: 700
***Staying*** " with prayer that is " with in the garden and no (more) applying until mid-end of 2015!



Message 7 of 7