Credit limit increased without me requesting an increase

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Credit limit increased without me requesting an increase

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Posted 12-23-2012, 02:36 PM

DinkinFlicka

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Credit limit increased without me requesting an increase

I have a student Discover card that I got this summer. Initially, it had a $1000 limit. I have under a 30% utilization every month and pay it off in full every month as well. I recently noticed that my credit limit has gone up to $1500. I never requested this increase, but I don't mind it. However, are there any negative implications to this (like me not being able to request one in the future because of this latest increase)?

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12-23-2012, 02:36 PM
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12-23-2012, 02:43 PM

IceWeasel Sneaky..sneaky..sneaky.. Member sinceOct 2004 Posts1,452 LocationLafayette, IN Reputation 243 Followers 0 + Give Rep	There shouldn't be any negative implications Yar matey! Greater is He who rocks in us, than he who rocks in the world! (Quoted from a wise college friend)
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12-23-2012, 05:28 PM

2011Terp L2: Beginner Member sinceDec 2010 Posts93 LocationBethesda, MD Reputation 22 Followers 0 + Give Rep	Actually only positive implications. Increase to overall credit will help you keep your utilization lower This happened to me not too long ago on a Chase Freedom card. Think banks will reward responsible users by increasing their limits. Kind of a win-win for the consumer and the bank.
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12-23-2012, 10:24 PM

vaultaddict

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Yep.

Banks will try to turn responsible users into irresponsible users by increasing their limits.

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12-24-2012, 08:09 AM

RooseveltL L3: Novice Member sinceMar 2007 Posts175 LocationNew York, NY Reputation 31 Followers 0 + Give Rep	If you want to increase it further automatically.. Don't pay off balance at the end of each month and instead let it go above 50-60% and pay it off immediatley. The CC company will think you will use more credit if you had more available and constantly increase your balance. It is a weird formula but they don't make money on people with low balances or utilization.
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12-24-2012, 08:13 AM

bonkman

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its a good thing. congrats.

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12-24-2012, 07:31 PM

Pizzahut WAFTING PIZZA AROMA Member sinceNov 2008 Posts757 LocationAustralia Reputation 91 Followers 0 + Give Rep	gratz im jelly Click here for cookies >>> http://goo.gl/Nhr6w
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12-24-2012, 07:42 PM

phonic King of Netflix Codes Member sinceDec 2003 Posts6,355 Location███████████████ Reputation 2,132 Followers 9 + Give Rep	In your case, where the card only had/has a $1000/$1500 CL, no, there is really no bad side and it is definitely good. Now your 30% utilization will go down to 20%. The only time higher CLs could have a negative impact on people is usually when your talking about well established accounts and tens of thousands of dollars.
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Credit limit increased without me requesting an increase