Is asking for a credit limit increase a hard inquiry?

+1 vote
asked Nov 26, 2017 in Credit by Jodie (18,970 points)
Is asking for a credit limit increase a hard inquiry?

When you ask for a credit limit increase does the credit card company make a hard inquiry on your credit report?

1 Answer

0 votes
answered Nov 27, 2017 by Lilly21 (30,710 points)
Asking for a credit line increase can actually lower your credit score since most if not all credit card companies will pull your credit score again and see if you're a good risk for a credit limit increase and a hard inquiry will be placed on your credit rating.

It's best to not ask for a credit limit increase and just let the credit card company increase your credit line limit on their own.

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