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Established Member
Posts: 17
Registered: ‎09-26-2007
0

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.

Epic Contributor
Posts: 24,664
Registered: ‎10-23-2007
0

Re: Credit Limit Increase

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

Fico Scores: EQ- 670., TU 705 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
88 Cards and Counting :smileytongue:
Valued Contributor
Posts: 1,157
Registered: ‎05-21-2008
0

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


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Established Member
Posts: 41
Registered: ‎03-27-2011
0

Re: Credit Limit Increase

Your credit score will go up. Credit Limit Increases are a good thing! :smileyhappy:

Epic Contributor
Posts: 24,664
Registered: ‎10-23-2007
0

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

Fico Scores: EQ- 670., TU 705 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
88 Cards and Counting :smileytongue:
Established Member
Posts: 17
Registered: ‎09-26-2007
0

Re: Credit Limit Increase

Thank you everyone!!!!!!

New Contributor
Posts: 72
Registered: ‎08-18-2010
0

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!



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