Understanding FICO® Scoring

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prim2007
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prim2007
Posts: 3
Registered: ‎04-06-2007

Can increased credit card limits raise credit score?

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‎04-06-2007 05:30 PM

If you are approved for an increased credit limit, should you take it since you may be able to decrease your debt to credit limit ratio? 

 

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Brammy
Posts: 5,436
Registered: ‎03-10-2007

Yes th higher the limit the lower the utililzaton that's...

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‎04-06-2007 05:35 PM

Yes th higher the limit the lower the utililzaton that's if you remember not to increase the balance.  That is definitely a positive.
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antredd67
Posts: 83
Registered: ‎03-22-2007

Yes you score will improve

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‎04-08-2007 10:18 AM

 Last August, B of A pre-approved me a credit card, and after accepting it, I realized that it was the same Mastercard I already had with them.  So I merged that new account with my older Mastercard increasing my credit limit from $8,000 to $16,300. My fico scores shot up 10 points for doing that.
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