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CC raising credit limit, is this good news?
butterbear
Posts: 76 Forumite
Hi All
I got my first, post DRO, credit card a few months ago in order to improve my credit. I have spent set amounts each month and paid off in full.
I received a letter this morning saying they are upping my credit limit from £600 to £1500, is this a positive thing? Does it mean that my score is improving? or should i reject the extension?
Many thanks in advance for advice or reassurance
I got my first, post DRO, credit card a few months ago in order to improve my credit. I have spent set amounts each month and paid off in full.
I received a letter this morning saying they are upping my credit limit from £600 to £1500, is this a positive thing? Does it mean that my score is improving? or should i reject the extension?
Many thanks in advance for advice or reassurance
0
Comments
-
If it's your only card, then I'd accept it. It means the company sees you as an appropriate risk for a slightly higher limit.
It has nothing to do with any credit score though, as they have nothing to do with anything. Just keep managing the card responsibly.0 -
Ok think i will accept the limit and carry on being strict!
Thank you 0 -
Yes accept it as it shows they trust you more!0
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