Full_Prune7491 t1_je8rb0s wrote on March 30, 2023 at 6:15 AM

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

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

DinkleButtstein23 t1_je98l6k wrote on March 30, 2023 at 10:21 AM

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.

micreyes11 t1_jea0jbk wrote on March 30, 2023 at 2:33 PM

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

Full_Prune7491 t1_jea10ga wrote on March 30, 2023 at 2:37 PM

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.

bury-me-in-books t1_jedqo3u wrote on March 31, 2023 at 7:41 AM

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.

ahj3939 t1_jearbxi wrote on March 30, 2023 at 5:32 PM

A lot of banks won't do hard pull

Bank of America

Citi

Discover

Capital One

Amex

Wells Fargo

And that's just off the top of my head. Here's another list: https://www.doctorofcredit.com/credit-cards/which-credit-card-companies-do-a-hard-pull-for-a-credit-limit-increase/

Unless you're applying for a mortgage in the next 3-6 months and your scores are already marginal I wouldn't stress a hard pull too much.

ecohen2010 t1_jecdnbn wrote on March 30, 2023 at 11:57 PM

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