how much effect does....

grassfeeder · ‎01-09-2014

How much effect on your FICO score does your total Credit Line make? Say, is it a larger boost for those with large credit limits?

I ask since I went from a $5k limit to $18k with NFCU. I am wondering if a potential increase would be more than say, if I had received a $10k limit.

Fico 8 Scores 5/1/22 :
799 EQ | 793 TU | 809 EX

gdale6 · ‎01-09-2014

It depends on what your utilization profile is, it is going to add a lot more available credit over whatever balances are reporting to the CRA. It will help you further down the line as higher limits beget higher limts.

myjourney · ‎01-09-2014

Limits have no effect in Fico scoring only UTL

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

grassfeeder · ‎01-09-2014

@myjourney wrote:
Limits have no effect in Fico scoring only UTL

gotcha....I keep no more than $100-$200 on my card at any given time just to have it report within < 3% utl

Fico 8 Scores 5/1/22 :
799 EQ | 793 TU | 809 EX