Credit Limit Increase?
Hello!
I’m a twenty year old college student. I just got my first credit card in May of 2011 after searching for one that best fits my needs. My starting limit was $750, which was good for me because I had zero credit history and I would only be using this card for gas (I commute). I looked at this month’s statement and I noticed that my credit limit was increased to $1000. A credit limit increase never crossed once crossed my mind and I was a little shocked when I looked at my statement. Does a credit limit increase mean that my credit score is improving?
*I only have two bills to worry about (my cell phone and credit card) and I always pay both, in full, a week before payments are due.
thanks for the answers
And no, It’s not a Capital One card.
they like the way you’re handling it so they’ve upped you in hopes that you will
spend even more and possibly make some money off of you when you cant
retire it in full …so keep that in mind as well; it also shows them that you’re
responsible in that just cuz we increased her limlit, she doesnt necessarily
use the increase…you got along w/out it before/keep on the same track…
makes you n your score look better as time goes on.