Frequent Contributor
Roarmeister
Posts: 311
Registered: ‎04-21-2012
Re: Credit Line Increase always good for credit?

You're right.  A CLI will have little impact positively on your score.  You have a pretty decent score that should give you lowest interest rates for future credit seeking.  I honestly don't see a downside though.  Being conservative in your outlook is usually a good thing and doing all the little things right, even increasing your CL is just good gardening.

 

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
___$18.5k______$20k_______$20k_______$25k______$25k____
Starting Score: 676 Feb 2008; Current Score: 775 EQ, 814 TU, July 2014; Goal Score: 785 by end of year
Oldest Account reported by EQ: 12.0 years; EQ AAoA: 5.3 years; EQ Credit Utilization: 2.7%