Will score increase if I increase limit on secure card

[pmac2014]

Hi All

I hope someone can help me out here: I would like to give my score a lttle boost, so I'm thinking of making a deposit to increase the CL on my Capital 1 secured card from $1000 to $3000. I always make sure I keep the closing statemnt balance below $100.00 so that I have a low utilization. With tht said, will increasing the CL help my score? 

Thanks for all the great advice!

[Anonymous]

What else is in your file? The impact will vary depending on the depth of your credit profile. If this is your only card and you stay at $100 reporting, the drop in util percentage might give you a little boost. But it probably won't be much.

[Pway]

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@pmac2014 wrote:

Hi All

I hope someone can help me out here: I would like to give my score a lttle boost, so I'm thinking of making a deposit to increase the CL on my Capital 1 secured card from $1000 to $3000. I always make sure I keep the closing statemnt balance below $100.00 so that I have a low utilization. With tht said, will increasing the CL help my score? I would suggest you open up another secured card and deposit that balance there.  Although what does your credit profile look like? 

Thanks for all the great advice!

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