Valued Contributor
Posts: 1,966
Registered: ‎04-07-2009
Re: Credit Line Increase always good for credit?

A credit limit increase will help your score to the exent it helps your credit utilization. If you credit utilization is below 10% it will not help at all. There is nothing in the FICO score calculation that gives you points for higher credit limits nor does it deduct points ofr lower credit limits..

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011