asking for a raise in credit limit and getting it won't lower ur FICO score right?

[jjyiz28]

.

 

[NikPreviousAcct]

Why don't you ask your lending institution that same question? You know, kill all your birds with one stone (phone call)? I'm sure your bank can answer more questions than AT can.

 

[PowerMac4Ever]

Because MAYBE the bank would lie to him? It's in the bank's best interest to raise his credit limit. The higher credit limit, the better the chance that you'll reach the limit, not be able to pay the entire bill, then owe the bank interest. imho it's a perfectly valid question for atot and I'd like to know the answer too.

 

[Dulanic]

No unless they hard pull another credit report copy. In fact if you carry a balance it may raise your FICO since your debt to credit ratio will be lower.

 

[NikPreviousAcct]

Originally posted by: PowerMac4Ever
Because MAYBE the bank would lie to him? It's in the bank's best interest to raise his credit limit. The higher credit limit, the better the chance that you'll reach the limit, not be able to pay the entire bill, then owe the bank interest. imho it's a perfectly valid question for atot and I'd like to know the answer too.

Banks have no reason to lie to customers. It's not in their best interests, no matter what anyone says.

 

[BrunoPuntzJones]

Depends, you'll have to ask.

Amex said to raise mine $1500 at the time would not do anything to the credit score (wouldn't be pulled). Anything over that and the report would be pulled.

 

[Epoman]

Originally posted by: Nik
Why don't you ask your lending institution that same question? You know, kill all your birds with one stone (phone call)? I'm sure your bank can answer more questions than AT can.

Yeah you never asked a simple question :roll:

If you ask your credit card company for an increase they will run your credit to if your still worthy and if they feel your not a risk they will do it. It may lower your score a couple of points because of the inquiry (when they ran your credit) depending on how many inquirys you have done recently.

 

[NikPreviousAcct]

Originally posted by: Epoman

Originally posted by: Nik
Why don't you ask your lending institution that same question? You know, kill all your birds with one stone (phone call)? I'm sure your bank can answer more questions than AT can.

Yeah you never asked a simple question :roll:

If you ask your credit card company for an increase they will run your credit to if your still worthy and if they feel your not a risk they will do it. It may lower your score a couple of points because of the inquiry (when they ran your credit) depending on how many inquirys you have done recently.

I've asked a few, yes. I expected the same response.

 

[PowerMac4Ever]

Originally posted by: Nik

Originally posted by: PowerMac4Ever
Because MAYBE the bank would lie to him? It's in the bank's best interest to raise his credit limit. The higher credit limit, the better the chance that you'll reach the limit, not be able to pay the entire bill, then owe the bank interest. imho it's a perfectly valid question for atot and I'd like to know the answer too.

Banks have no reason to lie to customers. It's not in their best interests, no matter what anyone says.

Good thing I never said it was in the bank's best interest to lie...