Credit Line Increase Declined by Chase – Will this affect my Credit Score?
Oct 14, 2009
in
Business Line Of Credit
I have a business credit card that I use for personal expenses. I am going to discontinue doing this at the advise of my credit card company (Chase). However, I recently decided to increase my credit line from ,500 to ,000 for no reason really. They declined it and sent me a letter stating that they received their information from Experian. The letter’s tone is negative overall.
Will their declining of my credit line increase request negatively affect my credit score? Keep in mind that it is a business card.
Thanks.
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2 comments
bdancer222 on October 14, 2009 at 2:31 am
Declining the credit line increase won’t affect your credit score.
However, if this is a business credit card, it shouldn’t even be showing up at all on your personal credit file.
Kaide<3 on October 14, 2009 at 2:31 am
No, it wont affect your credit score.
However, since they did decline your credit line increase, you might want to take a look at your credit report to see if there was a reason why (an unpaid debt you weren’t aware of, etc.)
Experian.com
Equifax.com
Transunion.com
You’ll be sent through a million prompts saying it "only costs x amount for unlimited access to your credit score" and so on, but if you deny those offers you can go through to your free credit reports.