What Happens to Your Credit Score if You Get a Credit Limit Increase?

What Happens to Your Credit Score if You Get a Credit Limit Increase?

Your credit utilization ratio is another important factor that goes into your credit score, and it measures how much of your available revolving credit you're using at once. Generally speaking, once your credit utilization ratio exceeds 30%, credit score damage can ensue. On the flipside, a low utilization ratio can help your credit score improve.