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Credit Line Increase...

Bobby1146
Established Member

Credit Line Increase...

I was offered a $2000.00 credit line increase from Discover. Myfico credit score is 755. I'm thinking about financing a car (for about $30 grand) at the lowest interest rate my score will allow me to get. My question is, will responding to this credit line increase affect my score? It'll be a 2 year auto loan. I don't really need the credit line increase, but it would be nice to have, but I do need the car for working purposes.
Thank You all for your comments & willingness to helpSmiley Happy
Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 1 of 3
2 REPLIES 2
sccredit
Valued Contributor

Re: Credit Line Increase...

No, take the increase

Ch 7 Discharge 3/12/2018
Cap One VentureOne $3,500, CapOne Savor $5,300, Kohls $3,000, BBVA $2,500
Infiniti Financial Lease
Goal: New Mortgage 3/2022
Message 2 of 3
Blu3
Valued Member

Re: Credit Line Increase...

No it will only help it by lowering your utilization if you ever carry a balance.

| NFCU Platinum Visa 14K | NFCU NavCheck 13.5K | AMEX BCE 9.6K |
| USAA Rewards Visa 7K | USAA Cash Rewards Visa 7K | Discover it 1.5K|

NOV 2013 TU -739 EQ - 709 EX - 739
Message 3 of 3
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