If I ask for higher credit limits, not to use, just to show lower credit limits, will my credit score go down?

Answered on February 20, 2018
Updated on February 20, 2018
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller

Asking for a higher credit limit may be a risk if you can’t wisely manage your credit and spend responsibly. Overspending on credit card, especially if you only making minimum payments on your card, you may find yourself in a financial trouble. Thus you may ruin your credit score. But if you control impulse spending, trust yourself and run your credit wisely, having a very high credit limit could be good for your FICO score. If you do want to apply for a high limit credit card, make sure your payments on the credit were regular and without delays. If so, some companies may increase your credit limit automatically. If you still want to request, remember that frequent requests for a higher credit limit may lower your overall credit score. Also, if you’re approved for a higher limit but do not use it at all, it won’t be good for your score as well.

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