Are you trying to improve your credit score?

It’s a complete myth that requesting a credit-limit increase on your credit card can only negatively affect your credit score.

In fact, doing so can even help your credit score; here’s how:

One of the key factors contributing to your credit score is the “utilization rate”, or the percentage of available credit you use on your credit cards.

The lower the rate, the more it boosts your credit score.

So, increasing your credit-limit actually helps lower your utilization rate, thereby improving your credit score!