2 Thoughts on If you have a good credit score, near 700 Is it better to have a higher credit limit?
  1. Reply
    August 3, 2011 at 12:22 am

    not really it does not matter

  2. Reply
    August 3, 2011 at 1:12 am

    Higher limit only matters if you carry balances. About a third of your score is based on the ratio of credit card debt to available limit. Carrying balances of more than 30% hurts your score. If you don’t carry balances, the limit really makes no difference.

    Best way to build your credit with your credit card, is to use it every month for a small purchase and pay it in full. That will build good payment history. The longer the history, the better your score.

    You also need to use credit cards periodically (at least every 3 months) to keep them active. Many companies are closing inactive accounts after much shorter periods.

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