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Offered increase in limit
Sam_Robbo
Posts: 2 Newbie
in Credit cards
So ive managed to increase my credit score over the last few years.
As a result my credit card has offered to DOUBLE my credit limit... from £1000 to £2000.
Ill probably never use the allowance because im too responisble now.
Will accepting it help my score or hurt it?
As a result my credit card has offered to DOUBLE my credit limit... from £1000 to £2000.
Ill probably never use the allowance because im too responisble now.
Will accepting it help my score or hurt it?
0
Comments
-
Neither as the score and rating you see are for your eyes. Financial institutions have their own internal algorithm methods for scoring applications.
Take the limit if you can trust yourself.Mortgage started 2020, aiming to clear it in 2026.2 -
caps lock DOUBLE.
maxed out in no time
Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb0 -
Nah I dont use thay card often. I just thought double was a big amount.
It is for me anyway1 -
It's still a very low limit, so as long as you trust yourself, accept it.
The pretend CRA score will drop but lenders will view you more positively.1 -
Enjoy limit limit increases are nice acknowledgement of careful credit use.Sam_Robbo said:Nah I dont use thay card often. I just thought double was a big amount.
It is for me anywayReplenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb1
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