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JustASrSWE t1_je8m0v9 wrote

Reply to comment by New-Row7111 in Why are we encouraged to charge everything to a credit card but get penalized for high credit utilization? by New-Row7111

You can typically call the bank and put in a request for a higher credit limit. Some banks will let you do this online. You shouldn't have to get a new card.

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Full_Prune7491 t1_je8rb0s wrote

I just log in online and click credit limit increase button. Bang 5k increase.

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DinkleButtstein23 t1_je98l6k wrote

Yup, I've always done it this way. They've also given me increases without me even asking. I have a total limit of around $30k or $35k with 2 cards.

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micreyes11 t1_jea0jbk wrote

Is it still a hard pull if you get a CL increase this way?

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Full_Prune7491 t1_jea10ga wrote

Not sure. People are obsessed with hard pull. Soft pull. Again credit is only important when you need to borrow money. Don’t this when you are applying for a mortgage if you are worried.

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bury-me-in-books t1_jedqo3u wrote

I had a bank employee tell me recently that if I wanted more info on the loan I was looking at, they would need to do a hard pull on my credit, and that it would be a 10% hit on my credit score. I'm not sure she was right, but I'm not willing to test that lol. I told her thanks for what info she could give me without the credit check, and then made a mental note to see how much a hard pull would actually affect my score by researching online, without doing one until I had to.

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ecohen2010 t1_jecdnbn wrote

I have never had a hard pull for any credit limit increase.

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