Credit Limit Increase FAQs

• Why did I get an automatic credit limit increase?

  Credit Union of Colorado provides automatic credit limit increases to members with responsible spending habits.

• What are the benefits of a credit limit increase?

  A higher credit limit means you have more purchasing power. Increasing your credit limit also reduces credit utilization, which can have a positive impact on your credit score!

• What if I don’t want my credit limit increased?

  Credit limit increases are automatically given to members with responsible spending habits. Contact us at 800-444-4816 if you would like your limit returned to its previous amount. 

• If someone else is an authorized user on my credit card, do they have access to the new credit limit?

  Yes, any authorized user will also have access to the increased credit limit.

• Do I need to take any further steps after my credit limit is increased?

  Nope! You can simply use your card as you normally do and access the additional funds whenever needed. However, you are not required to use these funds. 

• Will a credit limit increase affect my credit score?

  Increasing your credit limit can positively impact your credit score by reducing your credit utilization ratio. As long as your spending habits stay the same and you continue to make your monthly payments on time, you could see your credit score improve.

• I received a credit limit increase that I did not request. Could it be fraud?

  Credit Union of Colorado offers automatic credit limit increases to members with responsible credit card usage. This is not fraudulent.

• Which credit cards are not eligible for credit limit increases initiated by Credit Union of Colorado?

  Secured credit cards, HELOC cards, and Business Credit Cards are not eligible for CUofCO-initiated increases.