Comment by xyst
1 day ago
I didn’t "want" it. Chase just gave my auto increases over the years of having this card. Spending habits have yet to change.
Also in US, credit utilization is a factor in credit scoring. Higher total credit means a lower utilization.
My advice is to ask yourself how important your credit limit is, and ask yourself why. And challenge the notion that a better credit score has any positive impact on your life. You have a whole chain of “truths” you take for granted: higher limit implies lower utilization. Lower utilization implies better credit score. Better credit score implies better mortgage rates. Better mortgage rates implies better something. What I’m trying to tell you is you can forget every single bit of that dependency chain without doing yourself any damage and you will actually feel better.
Sorry for the proselytizing. I know I’m doing it. But I think it’s a huge part of our consumerism addiction.