Credit Scores Q&A
Q: How does an increased spending limit on a credit card affect my score?
A: An increased limit on your card may actually help your credit score. If you don't borrow more, a higher limit means a better credit utilization ratio, the percentage of your available credit you’re tapping into. Lenders want to see you use a small percentage of your available credit so you don't appear to be maxing out your cards.
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