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New Visitor
Posts: 3
Registered: ‎08-03-2008
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asking the credit card companies to raise your credit limit.

Hi Everyone, this is my first post and I have a couple questions for everyone: 1. When you ask your credit card company to raise your limit, does it lower your fico scores? 2. If they do raise your credit limit, does that improve your debt to credit ratio on revolving credit? I look forward to learning! Thanks, Jason
Valued Contributor
Posts: 1,291
Registered: ‎02-26-2008
0

Re: asking the credit card companies to raise your credit limit.

1) The CLI alone will not lower your credit score. However, some banks will pull a hard inquiry which may lower your score by a few points.

2) Yes, it will improve your utility.
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