Video: What Credit Score Will Get a Credit Card With a Large Credit Line?
When you’re looking to increase your credit, there are a few factors that can impact the amount you’ll be offered. Your credit score alone doesn’t determine your credit card limit. Know, too, that your credit limit isn’t set in stone; it can be raised or lowered according to metrics the lender reviews. Similar to how your credit scores ebb and flow according to your credit behaviors, your credit limits can also be impacted.
Taking care of your credit can deliver benefits to many parts of your financial landscape. Learn more about how a credit limit is calculated, and the array of items a lender might consider when deciding what to offer you.
This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.
Published by permission from ConsumerInfo.com, Inc., an Experian company. © 2015 ConsumerInfo.com, Inc. All rights reserved.