I have 2 credit cards with a total limit of 3k, have 0 balance on them.If i ask for a credit limit increase to 6k, will that improve my credit score?|||Not by itself...the real factor is your credit utilization rate, which is how much of your credit limit that you are carrying a balance on. Ideally, you should pay off your balance in full every month. If you cannot, then carry no higher a balance than 25% of your credit limit.|||It highly depends on your income, age, repayment history. But any high limit is thought of in credit terms as being leveraged high.
It is better to stick to average limit not higher than 2 salaries of yours and show a consistent timely payment.|||No, an increase to your limit doesn't really improve your score. Your payment history and the debt to limit ratio are the important factors.
Use the cards and pay the balances in full every month. That will improve your score.
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