Many people start building their credit history with a credit card and, once you have one, responsible credit card use can be one of the easiest ways to positively impact your credit score. However, paying your credit card bill on time, and keeping your balance below your card limit, is just the beginning.

Here’s what you need to know about how increasing your credit card limit can affect your credit score, plus a few tips on how to go about it.

Your Credit Card Limit and Your Credit Utilization Ratio

Your credit card limit is typically the maximum amount the lender will let you borrow on your credit card. This limit is used in the calculation of your credit utilization ratio, which is the relationship between the amount of credit you’ve borrowed to the total amount of credit available to you. Your credit utilization ratio is an important part of determining your credit score.1

3 Tips for Increasing Your Limit

1. Ask for an Increase — But Be Patient

If you’ve just received a new credit card, don’t ask for a credit limit increase right away and try not to ask too often. Credit card applications and limit increase requests initiated by you may result in a hard credit inquiry, and too many hard inquiries can have a negative impact on your credit score.2

2. Wait It Out

Credit card companies review their accounts regularly, and may increase your credit card limit automatically based on your satisfactory card usage and other factors.

3. Avoid Making Increase Requests on All Cards

Don’t try to increase credit card limits on multiple cards at the same time. This could cause too many hard inquires and it could have a negative impact on your score.2

These are several ways to get a credit limit increase on your credit card. Remember, so long as your credit utilization remains low relative to your limits, increasing your credit card limit could have a positive impact on your credit score.



Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.