Credit limit incresse caused a decrease in score

[Coloradofitness]

I just recently got a credit increase in my Sams Club credit card, ($5500 to $8000).  On the alert on MyFico showing this, it also lowered my score by 4 points.  I know it reduced my utilization, so it should have raised my score.  Anyone ever heard of anything like this?

thanks,

[Anonymous]

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@Coloradofitness wrote:

I just recently got a credit increase in my Sams Club credit card, ($5500 to $8000).  On the alert on MyFico showing this, it also lowered my score by 4 points.  I know it reduced my utilization, so it should have raised my score.  Anyone ever heard of anything like this?

thanks,

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Perhaps because you have added an inq into your CR if they did a HP for CLI. 

[Anonymous]

I'm speculating here...

Did you request the increase? It's only a few points, must've been a hardpull.

[core]

Could be any number of things...

- Hard pull for the CLI (as mentioned above)

- You paid the balance down to $0 on it (or something else) to look good before the request

- Some earlier change that went by unnoticed, and the CLI was what triggered myfico to do the score recalc

[Coloradofitness]

I did initiate the request, but on the page to request the increase, there was no mention of them pulling my credit info.  On other sittes, it does mention that if you proceed, then a credit report will be pulled.   I also have the FICO 3-BUREAU CREDIT MONITORING, and I didn't get an alert that I had a new inquiry.

[-NewGuy-]

If there was no HP done, then my guess is something else happened between your last score update and your CLI update now. Maybe UTIL changed, or something like that?

[scorewatcher7]

its definitely odd. I paid off a balance to lower my utilization and my score dropped 6 points. made no sense. what happened to you is definitely not the norm but its possible you triggered a HP, which lowered your score. 

[HiLine]

Either hard inquiry or coincidence.

[Anonymous]

One of the metrics included in Fico scoring is amount of available credit. The premise being that the more there is available, the more risk there is. You probably hit some formulaic threshold that triggered a slight drop.

[lhcole77]

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@Anonymous wrote:

One of the metrics included in Fico scoring is amount of available credit. The premise being that the more there is available, the more risk there is. You probably hit some formulaic threshold that triggered a slight drop.

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This is the first time I've heard of this. Curious to know where you got this info.