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Question By
runudown72

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Credit Limit Increase
I've inquired a credit limit increase on one of my two credit cards. The increase that I qualify for is significant. I've read that an increase in credit will help debt utilization if there is a balance. What does it do for credit if there is never an outstanding balance? I pay my cards off every month, sometimes twice a month.

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Having zero utilization is bad for your credit. You need to actually use your credit to maintain a history of proper management of credit. As it is you are displaying proper management of cash. Not something credit reports do...

Reply by
runudown72

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My cards are used often, but paid in full and on time. This leaves no balance carried over from month to month. Do I need to leave a balance or am I on the right track?

Thanks for the reply.

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