Credit limit increase
Cards & borrowingA higher limit approved by your lender, which increases how much you can borrow.
Overview
A higher limit can reduce utilisation if your spending stays the same.
Some lenders use a hard search before increasing limits.
Why it matters
- It can improve utilisation and your score.
- It increases available credit, which can help affordability.
- It can also increase the risk of overspending.
FAQs
Does a credit limit increase affect my score?
It can. A higher limit may reduce utilisation, but a hard search can temporarily lower your score.
Should I request a higher limit?
Only if you can manage it responsibly and keep spending under control.
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