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Question By
xray2011

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Increasing Available Credit Limit on Credit Card
I have one credit card with a limit of $1500. My credit card utilization is currently at 61%. I want to request my available limit to increase so that my utilization will go down. Will this help or hurt my credit score?

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Utilization Ratios are like Golf Scores.

Helpful to 5 out of 5 people

Utilization Ratios are like Golf Scores. The lower the better. Having a higher limit should help your credit score.

30% of your score is based off of Utilization Ratios.  Personally I've raised my Limit to $10,000 over the past 4 years (not because I need to spend that much, solely to improve my credit).

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Try an APP-O-RAMA.. i just did one.. i increased my available credit by $40k.. yes $40k.. now my utilization rate will be VERY low..

my score has already gone up and the all the cards ar enot listing yet.

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