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efishnc

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Simulator says raise card limit better than getting new card?
Why? So, in the simulator, If I have a 665 with 9 accounts, seven of them active, why would raising my limit $3000 on an existing card raise my score to 734 while, opening another $3000 card lowers it to 647? both require a hard pull which drops the score, and both drop my utilization which raises the score. But!, adding an account in theory should raise my score? What gives?

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Credit Karma Team
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Credit scores can be counter-intuitive. Opening a new account adds a hard inquiry to your credit report and lowers the average age of your accounts,  which generally causes your score to decrease. Increasing the limit on an existing account will reduce your overall credit utilization rate, which generally helps your score.

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