Increase credit limit to improve credit utilisation?

tjhenson

The lender was MBNA for info

tjhenson

Ben8282 wrote: »

Missed the pre-approved bit. Thought OP had actually obtained the card.
My advice has therefore changed. This meaningless pre-approval is a marketing tool being used by whoever has informed you that your credit score needs improving to get you to apply for this card for which they will receive a financial consideration. How do you know the credit limit though. This would imply that you have actually used the eligibility checker of one of the lenders which actually tells you the limit in advance rather than some 'pre-approval' from the credit score providers. Can you clarify this and say which lender it is.
I can see no reason to apply for a card that you won't use for this purpose as it makes no sense. The assumed reason for obtaining this card to improve your score is to obtain credit, but if you can obtain credit with your current utilisation % then why improve it for this purpose?

Yeah so to clarify, I used an eligibility checker but did not go ahead with an application. The lender was MBNA.

[Deleted User]

tjhenson wrote: »

I just want to get rid of as much debt as possible whilst improving my score along the way.

It may be that you don't actually mean your score but hopefully to make yourself look better to lenders, as the two are often diametrically opposed.

Just focus on reducing your debt and let the score fall as it wants.

[Deleted User]

Stop trying to improve a fictitious number.

If you did get a card from MBNA and you already have a card with them, they may allow you to consolidate the limit between the 2 cards and have 1 large limit on 1 card.