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FLDiva1966

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Should I let them increase my credit card limit?
I stay within around $500 of my card limit, and now my institution is offering to increase my limit. I have no intention of adding more debt to the card, but will the increased limit help my credit score?

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As is covered in the very informative articles on this site, the more credit you have available, the higher your score.  That the instyitution wants to grant a credit increase shows their trust in you and will also help your score  I have over 20K in credit and use very little.  The balance I am currentl'y carrying will be paid in full in a couple of months and I will be able to pay what I use in full every month now.  As the balance owed decreases, the credit score increases.

Top Contributor
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Cli (credit line increases) help lower utilization. This number varies depending on what you read but having a ~30% utilization reporting to your credit report tends to increase your scores. You may not need to use it but it'll help raise your scores & give you a little buffer should an emergency occur.

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