Would raising your credit limit negatively affect your credit rating/score?

Would raising your credit limit negatively affect your credit rating/score?
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1 Answer

Answer :

I’m not 100% sure about this, but every financial guidebook I’ve ever read said to keep getting your limit bumped every year if you need it or not. If it were harmful to your credit, I don’t think this practice would be so widely advocated for. Therefore, my best guess is that it’s neutral/beneficial to your credit score.
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