If a credit card company decides to increase your limit does this look like an application on rating?

Question

thanks.

Answer 1

No, it does not. When a cc company wants to know how you are doing with other bills and payments, they will do what is called a "soft" inquiry. It's the same as you pulling your own report- meaning it will not affect your score.
Applications are known as "hard" inqiries. Those are the ones that do ding your score.
Hope that helps!

Answer 2

we will look at is in the Orchard Lake Platinum MasterCard. Being a percentage rate on this is higher, running around 14%. There is an annual fee for this between 39 and $59 but it did not list any sort of program fee or participation fee as with the card mentioned above. They do have periodic credit limit increases so as you make on-time payments and continue to build your bad credit towards good credit, you will be rewarded with a higher limit on your credit card. Read more about it at: http://www.credit-card-gallery.com/article/116,Apply_Bad_Card_Credit_Credit_Online

Answer 3

It could do but if you dont go over the limit you will have a good rating, get it reduced if you dont want a high credit limit.

Answer 4

higher the limit....the better it is ONLY IF you carry a small balance. NEVER go anywhere past 25%-35% of your credit limit in spendings if you want your credit score to increase.

Answer 5

i have a credit card for years and years and every year my credit limit is increased, my first credit limit was 800, its now 14,430 i never asked for an increase, but i never said no either.

Answer 6

No.