Average CC Limits and Credit Scores

[Anonymous]

I know we have a good discussion going on the magical 5K CC limit...I feel like I'm almost at the point (a few months out) from where I could flat out get approved for a min 5K limit.

However, I noticed when I check my reports on freecreditreport (Transunion) that I always see that a negative factor is that my average credit card LIMIT balance is below 2K.  With my recent Target CLI, this has pushed my average CCL over 2K.  Should I expect to see a modest jump, a negligible jump or no jump at all on my scores now that my average is over (just slightly but still over) 2K?

Edit - mistype fixed above (strikethrough)

[Imperfectfuture]

That is not your fico score. Please ignore that.

For more insights, check out this sub section:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/bd-p/ficoscoring

[SwiftTone]

---

@Anonymous wrote:

I know we have a good discussion going on the magical 5K CC limit...I feel like I'm almost at the point (a few months out) from where I could flat out get approved for a min 5K limit.

However, I noticed when I check my reports on freecreditreport (Transunion) that I always see that a negative factor is that my average credit card balance is below 2K.  With my recent Target CLI, this has pushed my average CCL over 2K.  Should I expect to see a modest jump, a negligible jump or no jump at all on my scores now that my average is over (just slightly but still over) 2K?

---

High Average ballance does not help with your score, and the higher total CL you have the lower credit utilization you will have so your FICO scores may increase a little unless its a big drop in utilization

[Anonymous]

---

@Imperfectfuture wrote:
That is not your fico score. Please ignore that.

For more insights, check out this sub section:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/bd-p/ficoscoring

---

Thanks!  Taking a look now.

[Anonymous]

---

@SwiftTone wrote:

---

@Anonymous wrote:

I know we have a good discussion going on the magical 5K CC limit...I feel like I'm almost at the point (a few months out) from where I could flat out get approved for a min 5K limit.

However, I noticed when I check my reports on freecreditreport (Transunion) that I always see that a negative factor is that my average credit card LIMIT balance is below 2K.  With my recent Target CLI, this has pushed my average CCL over 2K.  Should I expect to see a modest jump, a negligible jump or no jump at all on my scores now that my average is over (just slightly but still over) 2K?

---

High Average ballance does not help with your score, and the higher total CL you have the lower credit utilization you will have so your FICO scores may increase a little unless its a big drop in utilization

---

I actually mis-typed in there...it should say that the negative factor is that my average credit card LIMIT is below 2K and now my average CCL is above 2K.

[NRB525]

---

@Anonymous wrote:

---

@Imperfectfuture wrote:
That is not your fico score. Please ignore that.

For more insights, check out this sub section:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/bd-p/ficoscoring

---

Thanks!  Taking a look now.

---

This links back to the "Understanding FICO Scoring" board?

OP the larger driver of getting higher CL is your annual income, if stated on the credit card app, and your FICO scores. When your FICO scores rise, after time with no lates, then lenders are more comfortable giving you larger limits, provided your income can support it.

You can also be given lower limits, if the lender is conservative, even though you have $10k limits from some cards. There are many variables so any generalized statement that "higher average leads to higher limits" is not reliable, except on average. For individual card apps, no, not reliable.