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| Posted by | Message | urinetrouble 
LSU Fan
Member since Oct 2007
10860 posts
| Requesting a credit limit increase on my credit card (Posted on 12/4/12 at 10:38 pm)
Will this affect my credit score or anything else?
My current limit is $2200 and I have to make payments frequently to prevent myself from going over half the limit. I would like to request an increase to give me a little more breathing room.
I'd also like to start moving a little money from my emergency fund into my Roth IRA. Having a having a higher limit on my credit card would be helpful if I ever need to get a little bit from the Roth.
| | Back to top | Share on  | Siderophore
LSU Fan
Member since Nov 2010
3334 posts
| re: Requesting a credit limit increase on my credit card (Posted on 12/4/12 at 10:42 pm to urinetrouble)
Depends on the company and a half dozen other factors.
Worst case scenario it will hurt your score, but not by much. ~5 pts.
And it will recover in a few months.
| | Back to top | | JonTheTigerFan
LSU Fan
Central, LA
Member since Nov 2003
4325 posts
 Online
| re: Requesting a credit limit increase on my credit card (Posted on 12/5/12 at 10:05 am to urinetrouble)
If they do a hard credit pull, you will lose a few points for that. Inquiries affect your score for a year but show on your credit report for 2 years. Having a higher balance will lower your utilization % though if you keep any balances on your revolving debt. This will raise your score.
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