New Member
Posts: 3
Registered: ‎04-06-2007

Can increased credit card limits raise credit score?

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? 


Moderator Emeritus
Posts: 5,436
Registered: ‎03-10-2007

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

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

Yes you score will improve

 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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