Asked in
Credit and Debit Cards
Credit Reports
Improving Your Credit Rating

New card with 4000.00 help your score?

Answer

User Avatar
Wiki User
January 21, 2008 12:17AM

It depends; there's something called 'balance to available credit', its one of the factors taken into account when calculating your credit rating. If you don't use most of that 4000, it increases your Balance:available credit, thus increasing your credit rating by a few points.