PApatriot

3 Contributions 2 People Helped

Member Since: October 2013

Most Helpful Contribution

American Express Cash Magnet® Card

Jul 26, 2019
Helpful to 1 out of 1 people

An 821 score is great number; does decreasing your credit limit
lower your score?

Activity (3 Total Contributions)

American Express Cash Magnet® Card

Jul 26, 2019
Helpful to 1 out of 1 people

I agree!
When they lower your CL, it shows the CRA (credit reporting agencies) you are close to credit limit and that percentage affects your credit score. It affects you more than they care to know!

American Express Cash Magnet® Card

Jul 26, 2019
Helpful to 1 out of 1 people

An 821 score is great number; does decreasing your credit limit
lower your score?

American Express Cash Magnet® Card

Jul 26, 2019

Check your credit report to verify soft vs. hard inquiries because it is a soft inquiry if they run your numbers and send you a pre-approval; otherwise, if you take that pre-approval and get a credit card approval, it turns into a hard inquiry.