CLI on secured card?

[Anonymous]

I have heard that low limit cc don't really do much for your scores. Is this true? If so should I look into upping my secured card limit? The limit now is $200, maybe bumping it up to $1000 will help?

[ihatemyscore]

It's rare in my opinion. It's all random, but Im sure they go by how you use the card, how long you have had it and your utilization.

[Anonymous]

Its a new card, opened in March 2012 util is 3%

[Revelate]

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@Anonymous wrote:
Its a new card, opened in March 2012 util is 3%

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It'll do nothing for your scores unless you carry a balance.

What it might do later, is future approvals often issue CL's based on whatever your current CL happens to be.  So, 1K looks better than $300 at least if you're trying to get a card that isn't stuck with a $300ish limit again in the future.

Am tempted at the moment to do exactly that and bump my 2K secured card to 5K for future approvals, even if I don't wind up getting a travel gig which'd raise my monthly expenses enormously (though reimbursable).