do automatic credit limit increase hurt your credit score
Use Less Credit. While you can lower your credit utilization by increasing your credit limit, you can also attack the other side of the issue. If you have 40 percent utilization due to a $1,000 balance and a $2,500 limit, spending or owing less on your credit card will have the same impact as raising your credit limit.enerally, getting denied for a credit increase wonât directly affect your credit report or your credit score. However, while the denial itself doesnât make a difference, the process leading up to it can. Also, by not getting a credit increase, youâre missing out on the benefits of having additional credit.