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Question By
Pgetz

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Will requesting a credit increase on a credit card affect my credit score?

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If you get it, it can only make your score go up because of utilization but it wont hurt your score.

Reply by
Asheranne

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I just asked my bank about a limit increase as well  - I actually lowered my limit in the past -

I was told that it does run your credit for approval - so it hurts and helps at the same time.

In the long run a higher available balance will help (limit to debt ratio is a credit score factor) because that will remain while the credit check will eventually fall off.

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Reply by
johnnybinsea

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Yes if they do a hard pull for your credit increase it could cost you a few points...  and I would never ask for a credit limit decrease.  This could hurt your score by reducing how much room you have for utilization.  As a example for my cards that I use regularly I pretty much ask for a credit limit increase every six months.  Because I know if I ever have to carry a balance this might help me.

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