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Established Member
How12
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.

Mega Contributor
Creditaddict
Posts: 19,652
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 657 Cabelas, TU 662 Walmart, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Valued Contributor
thrasher865
Posts: 1,163
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
Coltconn
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:

Mega Contributor
Creditaddict
Posts: 19,652
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 657 Cabelas, TU 662 Walmart, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Established Member
How12
Posts: 17
Registered: ‎09-26-2007
0

Re: Credit Limit Increase

Thank you everyone!!!!!!

New Contributor
MYBEST
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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