does increasing your credit line hurt your credit

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Can a credit limit increase hurt your credit score?

Your credit limit is the maximum balance you can have on your credit card. Increasing your credit limit could help your credit score, leave it unchanged, or lower your score, depending on the circumstances. Find out what factors could cause you to hurt your credit score, and when it’s the right time to ask for a credit limit increase.

How does a credit line increase affect your credit score?

Improves your credit score. As mentioned above, a credit line increase could lower your credit utilization ratio and may lead to an improvement in your credit score. Impact to other borrowing.

What happens if you increase your credit score?

Any time you make a change to your credit history, such as opening a new account or increasing your credit limit, it's possible to see a temporary dip in credit scores until your credit report stabilizes. Asking your lender to increase your credit limit could result in a hard inquiry on your credit report.

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