When you a request a credit card limit increase, would a new inquiry go on your report costing you FICO points

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When you a request a credit card limit increase, would a new inquiry go on your report costing you FICO points

2006-12-25 07:16:54 · 2 answers · asked by John J 1 in Business & Finance ➔ Credit

2 answers

It may if they review your credit report again to give you the increase. But then never use more than 30% towards your credit balance to keep from lowering your scores.

2006-12-25 10:01:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋

it depends. only "hard" inquiries can have an effect on your FICO, although it is also possible for your FICO to drop with a credit limit increase as well...

2006-12-25 20:16:37 · answer #2 · answered by lv_consultant 7 · 0⤊ 0⤋