What is the average credit limit for Americans?
How credit limits in the U.S. vary by age and region
5 min read
Dec 22, 2022
Credit Scores & Reports Advice
Read the latest advice from our team of experts on everything you need to know about your credit score and credit reports.
Latest Credit Scores & Reports Articles
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I received a store card I didn’t apply for. Should I cancel it?
What do you do if you receive a credit card you didn’t apply for?
3 min read Dec 05, 2022 -
Do I have to pay off credit card debt that’s been sold to a collector?
Debts, unlike fine wine and my wife, do not improve with age. Unpaid debt doesn’t go away. Until the debt is either paid or forgiven, you still owe the money. This is true even if it’s a credit card [...]
5 min read Sep 30, 2022 -
Does asking for a credit card rate cut affect your credit score?
A rate decrease won’t hurt your credit unless it triggers a hard inquiry.
3 min read Sep 07, 2022 -
When do credit card companies report to the credit bureaus?
Safeguard your score with a few extra steps regardless of when your issuer reports.
4 min read Sep 05, 2022 -
Do preapproved credit card offers affect your credit?
Preapproved credit offers help you figure out if you are eligible for a credit card, but do they impact your credit score?
3 min read Aug 30, 2022 -
Cut off? What to do if your credit card issuer lowered your limit
Preventative measures you can take, plus what to do if your limit was already cut.
6 min read Aug 16, 2022 -
Can you apply for a credit card while unemployed?
Use these tips to continue building credit responsibly, even during a period of unemployment.
3 min read Aug 05, 2022 -
What credit cards can you get with a 700 credit score?
A credit score of 700 may not allow you to fill your wallet with high rewards credit cards named after precious metals and gems, but you’re well on your way if you keep building good credit habits.
5 min read May 30, 2022 -
How long does it take to build credit?
Building a credit score requires consistent positive behavior and most importantly, patience.
5 min read May 25, 2022 -
Credit for kids: How parents can help their child build credit early
Help your child build credit early and determine whether they’re ready for the responsibility.
6 min read May 20, 2022 -
‘Buy now, pay later’ is coming to credit scores—but key questions still must be answered
There will soon be a much tighter link between credit reporting and buy now, pay later (BNPL).
6 min read Feb 24, 2022 -
Does applying for a credit card hurt your credit?
To process a credit card application, issuers will do a hard inquiry on your credit, which does have a temporary effect on your credit score. Here’s what you need to know.
5 min read Feb 02, 2022 -
What happens if you don’t use your credit card?
Here’s how you should be thinking about those unused credit cards in your wallet.
3 min read Jan 11, 2022 -
Will a charge card help my credit?
Even though they don’t impact your credit utilization, charge cards still impact your credit.
3 min read Dec 16, 2021 -
Guide to Experian Boost
If your credit score needs a boost, Experian has a solution.
6 min read Aug 11, 2021 -
7 credit report items that scare lenders
If you’re looking to get a loan, its best to avoid having any of these blemishes on your records.
5 min read Jul 05, 2021 -
How to increase your credit limit
If you can handle the increased responsibility of a larger credit limit, applying for an increase is a savvy money move. Here’s how to increase your credit limit.
4 min read Jun 23, 2021 -
How to request a credit line increase with Bank of America
A Bank of America credit limit increase is possible, but you may need to ask.
6 min read Jun 02, 2021 -
How to request a credit line increase with Wells Fargo
A credit limit increase can be a great way to reduce your credit utilization ratio and free up available credit.
3 min read Jun 02, 2021
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