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Credit Limit Increase

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Credit Limit Increase

Hey guys/gals, i've been reading on this board for a while and decided to finally join in and do have some questions.....I just recently had a credit limit increase from $3000 to $10000 today on my AMEX, is this good for my fico scores? what is the impact? thanks for the input (Awesome forum in btw Smiley Happy)
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Frequent Contributor

Re: Credit Limit Increase

If you carry any balances it will help your utilization which in turn will help your FICO.
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Re: Credit Limit Increase

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Re: Credit Limit Increase



@Kingmod48 wrote:
Hey guys/gals, i've been reading on this board for a while and decided to finally join in and do have some questions.....I just recently had a credit limit increase from $3000 to $10000 today on my AMEX, is this good for my fico scores? what is the impact? thanks for the input (Awesome forum in btw Smiley Happy)



WHAT!?? Why didn't I think of that? LOL. I wasn't brave enough to try and get a 5 digit limit w/ Amex. Hopefully I can get that high in a few months. Smiley Happy
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