Does a Revolving credit limit increase provoke an increase in credit score?
@villemiami wrote:Does a Revolving credit limit increase provoke an increase in credit score?
only if that increase decreases the overall and per-card percentage of credit you are currently using, the amount going up itself doesn't increase your FICO score
And if you can do it with a soft inquiry. A hard inquiry may cause a short-term ding to your score.
The amount of credit limit you have doesn't directly affect your score. It will benefit you through your individual utilization, overall utilization, and maybe number of cards reporting a balance.
@villemiami wrote:Does a Revolving credit limit increase provoke an increase in credit score?
As @GZG and @PNWRambler have said, it does not in and of itself cause an increase in score, but to the extent that it decreases your revolving utilization percentage it might.
