Need some expert opinions from the community

[garudcvg]

Fico on 3/18: 671

Discover bumped my credit limit from 3000 to 5500. Amex has added me as authorized user on wife's card (total limit $10,000). The only 30 day late entry i have is from April 2013( 1 year done phew). 

Cap One CC - $500 limit. Balance is Zero.

Cap One CC - $2250 limit. Balance is Zero.

Will is see a fico score increase due to increased limit and AMEX.

Thank you

C

[user5387]

Increased limits will not help you for scoring purposes, given the 0% utilization.

Letting one of your cards report a small balance may help you a bit, as many threads here suggest.

[myjourney]

I will also add that lates sting for about 2 years but will remain on accounts for 7 years after which time the account would go from a negative to a positive 

[takeshi74]

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@garudcvg wrote:

Will is see a fico score increase due to increased limit and AMEX.

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Impossible to say given what you've provided.  Increased limits can help to reduce utilization.  You can do the math to determine your change in utilization.  You haven't provided the numbers we'd need to do so for you.  Derogs, however, will always hold one back.  Work on addressing your derogs (see the Rebuilding subforum) if you haven't already.

[garudcvg]

Takeshi

Thanks for your input. 

Utilization : Less than 2 % on all cards.

Derogs: 1 30 day miss in April 2013.

One MC that was closed by creditor in 2009.

Thanks