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Will my credit score go up if I raise my credit limits?

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getit2gether
Contributor

Will my credit score go up if I raise my credit limits?

I  have 3 secured cards (about a year now) I have never missed a payment and I always paid more than the minimum amount due.

I just paid all of my card balances down to $0

 

Capital One $200.

Orchard $300.

First Premier $300.

 

I just figured that if I made additional deposits on each card to raise my credit limits that my score may go up....

Please advise. I need help.

 

Thanks

Message 1 of 3
2 REPLIES 2
afbar1114
Valued Contributor

Re: Will my credit score go up if I raise my credit limits?

it may and may not. it depends on the UTL and all and you may want to let a very small bal post and then pay off. so it lets other credit card companies see that you can handle a balance. 

AMEX PRG; AMEX EveryDay $14,800; Freedom $6k; Sapphire $7k; IHG Select $5k; Discover $2,400; BofA Better Balance $9,100; Bank Americard $5,900; Citi DC $2,700; Citi Diamond $2,500; BestBuy $20,000; Amazon Prime $5k, United Club $15,000; Home Depot $20,000; Barclays $7,500

Total Credit Limits: $122,650
Message 2 of 3
getit2gether
Contributor

Re: Will my credit score go up if I raise my credit limits?

thanks. thats smart.

Im really trying to learn this whole credit thing. Its so complicated.

 

Message 3 of 3
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