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The limit on my department store credit card of almost 3 years has increased from $ 250 to $ 400. I’m young and have “limited” credit. Last summer my score was 637. Since then I have paid all my Credit cards off. Does the department store credit increase reflect that my credit is getting better? Also What does limited credit mean?

3 Thoughts on How does a credit limit increase effect my credit score?
  1. Reply
    June 21, 2011 at 8:24 pm

    Yes the increase in your credit limit means that your credit is getting better.

    Limited credit simply means the you either don’t have enough trade lines or that the ones you do have, have been open long enough to have a good established payment history yet.

    The increase will also help lower you debt to credit ratio which makes up a full 30% of your score.

    Keep up the good work, never use more then 30% fo your credit line in any given month and pay it off in full before the due date and your score will skyrocket in no time.

    You also need to think about getting a second card like a Visa or Mastercard and use them the same way.

  2. Reply
    Fish breath
    June 21, 2011 at 9:12 pm

    You have little experience

  3. Reply
    Eliot H
    June 21, 2011 at 10:06 pm

    If your department store is giving you additional credit, your score must be getting better. Paying off your existing credit cards did raise your score.

    You can check your credit score at for free. Once you do sign up, there is a credit simulator on the site where you can see how paying off your debt will increase your score.

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