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Updated about 14 years ago, 10/28/2010

Mark Beekman's profile image
Mark Beekman's profile image
Mark Beekman
  • Investor
  • from Phoenixville, PA
  • Member since Jan 6, 2008
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257
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Mark Beekman's profile image
Mark Beekman's profile image
Mark Beekman
  • Investor
  • from Phoenixville, PA
  • Member since Jan 6, 2008
Connect
Mark Beekman
  • Investor
  • Phoenixville, PA
18
Votes |
257
Posts
Personal Finance

Will Credit Limit Increase Hurt My FICO?

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted

I know that opening a new line of credit will hurt my FICO in the short-run, but will raising my credit limit on an existing credit card have the same effect? Would it count as "new credit"?

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