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Would it hurt your score to get increase on CREDIT LINE

New Member

Would it hurt your score to get increase on CREDIT LINE

CreditOne offer me increase on credit line. Would my score drop if it increase.Or when I request for increase on credit line.

Message 1 of 8
7 REPLIES
Frequent Contributor

Re: Would it hurt your score to get increase on CREDIT LINE

An increase on an existing line will raise your score, unless a Hard Pull is done at your request (in which case the Inquiry ding would lower your score)

 

Of course, if you were to actually Utilize your increased credit line, your score will also be lowered.

 

Message 2 of 8
Moderator Emerita

Re: Would it hurt your score to get increase on CREDIT LINE

Message 3 of 8
Valued Contributor

Re: Would it hurt your score to get increase on CREDIT LINE

It should help your score, all other things being equal. However, once you start to have really high limits, if your income isn't sufficiently high as well you could be dinged in a manual review.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Message 4 of 8
Blogger

Re: Would it hurt your score to get increase on CREDIT LINE

+1

Not everyone can or should get the type of limits that bribro acquired Smiley Tongue

Message 5 of 8
Senior Contributor

Re: Would it hurt your score to get increase on CREDIT LINE


lamk69 wrote:

CreditOne offer me increase on credit line. Would my score drop if it increase.Or when I request for increase on credit line.


Is creditOne, the company that charges you for a CLI or was that first premier? I don't think I woiuld pay for a CLI

Message 6 of 8
Established Contributor

Re: Would it hurt your score to get increase on CREDIT LINE


john398 wrote:

lamk69 wrote:

CreditOne offer me increase on credit line. Would my score drop if it increase.Or when I request for increase on credit line.


Is creditOne, the company that charges you for a CLI or was that first premier? I don't think I woiuld pay for a CLI


Yep, Credit One charges you for CLI.


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

Amex BCP $25k | Discover IT $15.7k | Cap 1 QS $10k | PSECU $10k | Citi DC $9300 | Citi DP $6800 | Barclay Ring $6500 | PayPal Extras MC $5045 | DCU $5000 | Chase Slate $5000 | Barclays AA $4100 | Chase Freedom $4000 | Union Plus $1000 | Target $500
Message 7 of 8
Highlighted
Epic Contributor

Re: Would it hurt your score to get increase on CREDIT LINE

CLI DO NOT raise your score.  FICO does not score them whatsoever.  It is the utilzation that is affected by a CLI and only if you carry balances on your cards.  Getting a CLI will raise overall CL dropping your utlization, raising your score.

Message 8 of 8