Credit Cards Center Credit cards from our partners
Regular Contributor
Posts: 217
Registered: ‎05-17-2013

How can I increase my credit limit?

I have new credit only 2 months old.  I have a car note that I have paid on time for over 2 years.  I have 4 medical collections 2 are almost 2 years old the others are 5 years old.  No other derogitory items other than a late car payment from 2008, that car was already paid off.  Is it possiblle to increase the limit so that I may increase my credit score?  I have 800 on a secured card with my credit union.  Do you think adding 500 to it will increase my score?  Thanks.  I need to increase my score by at least 20 points.

Trans/656 Fako

This is new to me but I will take the 750+ challenge! Goal by May 2014
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007

Re: How can I increase my credit limit?

How is the balance on that CC?


FICO scores off the utilization of a revolving acct. So, if you have a $0 balance on a $800 CC, then you have 0% util. If you add $500 to it, then you have a $1300 CL CC, but you still will have 0% util. Your FICO wouldn't improve any because util didn't improve. Make sense? However, if you are carrying balances on your CCs and/or have other accounts with a balance factoring into util (e.g. a CO'd CC, a HELOC, or something like that), then increasing any CL or paying down debt (preferably) could increase your FICO. Depends on the changes.


I'd focus on the baddies.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.