Credit Limits
Credit Limits
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A higher credit limit can help utilization if your spending stays the same.
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Do not request a limit increase if it will tempt overspending.
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Ask whether a limit increase requires a hard inquiry.
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Closing a card can reduce your available credit.
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Less available credit can raise your utilization ratio.
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Think carefully before closing your oldest account.
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If a card has a fee, weigh the cost against the benefits.
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Keep total limits manageable for your lifestyle.
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Review your limits after major income changes.
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Use limits as boundaries, not invitations.
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