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Credit Line Question wrt Credit Score
Posted on 6/8/15 at 6:40 am
Posted on 6/8/15 at 6:40 am
My credit card company is offering to increase my credit line by $1,500. Does a higher credit limit hurt or help my credit score?
My current limit is more than enough.
My current limit is more than enough.
2
Posted on 6/8/15 at 7:43 am to elleshoo9
It lowers your utilization and that is a good thing.
Posted on 6/8/15 at 8:24 am to elleshoo9
Like VABuckeye said it is a good thing. As long as you continue to have this mindset about it
And don't start spending more just because you can.
quote:
My current limit is more than enough.
And don't start spending more just because you can.
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