Upped my credit limit by $2k and my score actually went down at first

I asked Capital One for a $2,000 increase on my card last month, thinking it would help my utilization. Instead my score dropped 15 points for a few weeks before bouncing back higher than before. Anybody else get that weird temporary dip?

3 comments

3 Comments

jessej231mo ago

Same thing happened to me, it came back stronger after a month.

jadej501mo ago

Are you sure it's the exact same thing though? Sometimes what comes back after a month is actually a different strain that just feels similar.

rileygarcia1mo ago

Yeah that 15 point drop happened to me too with my Chase card. I upped my limit by $1,500 and the same thing happened. It's because when you ask for an increase they sometimes do a hard pull on your credit, which temporarily dings your score. Also your average age of accounts can take a small hit if the new limit shows up as a new account age or if the inquiry itself shakes things up. But after a month or so when the new payment history kicks in and your utilization drops, it bounces back higher than before. So that dip is just the system adjusting, not a permanent thing.