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christinad84

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Will asking for a credit line on an existing credit card hurt your credit? Is it a hard hit?

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Asking for a Credit Limit Increase (CLI) on an existing line results in a Hard Inquiry nine times out of ten.

The only two lenders I know of that don't do this would be the CapOne/HSBC Best Buy Retail Card and American Express.  Both should let you do a soft inquiry CLI request via the online portal every 6 months.

You can call up the credit line place and talk to a CSR and just ask if it is soft or hard.  On very rare occasion you can then request a CLI be attempted with ONLY a soft inquiry, even if their practice is generally hard inquiry, but this is a hit or miss thing.

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Requesting a credit line increase will almost certainly require a hard hit. An inquiry will remain on your credit burea for 2 years. However, if you receive an offer from an existing creditor offering you a limit increase it will be a soft hit, so no bureau inquiry. 

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