Increasing my credit limit to increase my score

[Anonymous]

Hello all,

I have a question. I would like to request a higher credit limit so that my outstanding balance doesn't look as bad. However, if I request a higher credit limit, does my CC company put an inquiry on my report? That inquiry could drop my score and defeat the whole purpose. Any insight

[autofly]

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sdlt21 wrote:

Hello all,

I have a question. I would like to request a higher credit limit so that my outstanding balance doesn't look as bad. However, if I request a higher credit limit, does my CC company put an inquiry on my report? That inquiry could drop my score and defeat the whole purpose. Any insight

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Depends on which credit card company.  Some do, some do not.  I know for sure AMEX doesn't.

[Anonymous]

It's a WAMU card. CL is 5,800 with a 3,000 balance

[Anonymous]

Do you know of a good credit card that pulls from equifax that has a good chance off approving me with 633 eq score?

[autofly]

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sdlt21 wrote:

It's a WAMU card. CL is 5,800 with a 3,000 balance

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Do a search in the forums for WAMU CLI and you can read what other people have to say about the INQ's.  I don't have one of their cards.  I have read that sometimes they do pull and sometimes they don't.  Either way I've heard it's like pulling teeth to get them to give you a CLI.

[autofly]

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curve401 wrote:

Do you know of a good credit card that pulls from equifax that has a good chance off approving me with 633 eq score?

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Check out www.whogavemecredit.com

[Anonymous]

Thanks for the help

[Anonymous]

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@Anonymous wrote:

It's a WAMU card. CL is 5,800 with a 3,000 balance

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That balance is probably going to rattle WAMU a little bit...usually you want to be carrying no more than 25% when you apply for a CLI, and ideally less than 10%.

You might want to hold off until you get the balance below $1000 at least.

[Anonymous]

WaMu reviews your account occassionally to consider CLIs, they are good about them as long as your uti isn't high.  I don't think they do on demand CLIs though but it wouldn't hurt to ask.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

It's a WAMU card. CL is 5,800 with a 3,000 balance

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That balance is probably going to rattle WAMU a little bit...usually you want to be carrying no more than 25% when you apply for a CLI, and ideally less than 10%.

You might want to hold off until you get the balance below $1000 at least.

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That's not what HSBC told me. They first denied me for "Account Utilization." I called to ask them what that means, they told me that "Well your highest balance was $800 on this card and that was a while back." So I told the lady that I'd be using the card more often if the limit was higher. I'm a big spender. blah blah blah. So then she gave me the CLI. Then I promised her (jokingly) to use the card more often and max it out if she wanted me to. hahahaha. She was fine with it. I was happy.