WalletHub, Financial Company
@WalletHub
Requesting a credit limit increase will likely trigger a hard inquiry and cause a short-term decrease in your credit score. Receiving an automatic credit limit increase (i.e. your issuer increases your credit limit without you asking) will not hurt your score. No matter how you receive a credit limit increase, it will provide long-term credit-score benefits to responsible users.
A credit limit increase will give you access to more available credit to use. As a result, you will get a better credit utilization ratio, assuming your spending does not increase, too. The lower the ratio, the better your credit score. If you continue to spend and maintain a high balance on your account, you will see a negative impact on your credit score. A credit limit won’t help your credit score if you just max it out immediately.

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Sign Up NowDmitriy Fomichenko, President, Sense Financial
@dfomichenko
A credit limit increase can help improve your credit score. Assuming that you keep your spending at the same level, an increase in credit limit will lower your credit utilization and help improve your score.
Keep in mind that if you request a credit limit, your credit card provider will be likely to do a credit check, which can lower your score. However, the impact from such inquiries is usually minor and temporary.
Bart Colom, Financial Advisor
@BartColom
Your credit score should improve when your credit limit increases, as it lowers your debt ratio, as slong as you dont increase your outstanding balance. As long as you continue to pay-off your outstanding balances, your debt ratio should continue to decrease, improving your FICO score.
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John Prescott, Member
@prescottjohn
Yep. Higher limit means your overal credit utilization ratio goes down, which will bump your score, at least until your balance goes up.
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I recently applied for a line increase and was denied do to a mistake on my equifax report which had since been removed, i dont know why they would dig around in my old reports until they found a reason to deny my request, thats ok i still qualify for many new cards I'll just have to eat the hard inquiry when i decide which one to get