topic Re: Comenity Credit limit in Credit Card Approvals

Comenity Credit limit

Outdoorstech1 — Tue, 03 Feb 2015 18:42:53 GMT

Is there a benefit to having a higher credit limit with J.Crew? I am at $8,150 w/ the luv button. Does it lower my overall debt to credit ratio for my overall credit profile, or just this one card. I currently have a $0 balance on it.

Re: Comenity Credit limit

MyDataMyChoice — Tue, 03 Feb 2015 18:48:21 GMT

Yes it factors into overall utilization

Re: Comenity Credit limit

uswala — Tue, 03 Feb 2015 18:49:10 GMT

@Outdoorstech1 wrote:
Is there a benefit to having a higher credit limit with J.Crew? I am at $8,150 w/ the luv button. Does it lower my overall debt to credit ratio for my overall credit profile, or just this one card. I currently have a $0 balance on it.

It will lower your overall debt to credit ratio as well.

Re: Comenity Credit limit

Outdoorstech1 — Tue, 03 Feb 2015 18:58:42 GMT

Should I keep hitting the LUV button then? I am looking to get a new car in the next few months so I am trying to increase my score, I don't want having a hugly high credit limit on a store card affect my chances of getting a loan.

Re: Comenity Credit limit

newstart2010 — Tue, 03 Feb 2015 21:56:01 GMT

sure!

Re: Comenity Credit limit

App_Addict — Tue, 03 Feb 2015 23:22:54 GMT

Hit that button until you get a blister or a 7-10 message!

Re: Comenity Credit limit

b_diddy — Tue, 03 Feb 2015 23:27:08 GMT

@Outdoorstech1 wrote:
Should I keep hitting the LUV button then? I am looking to get a new car in the next few months so I am trying to increase my score, I don't want having a hugly high credit limit on a store card affect my chances of getting a loan.

Doesn't hurt unless they decide they want a HP. Lowers your debit/credit %.