Will new credit card with higher limit raise my Fico score?

I have three credit cards with limits totalling $1,500.00

My three credit card balances total $ $750.00 (50%)

If my new Visa has a limit of $5,000 and zero balance, does that reduce my debt ratio percentage overall?

Will new credit card with higher limit raise my Fico score?

At first it would actually be a hit to your credit file because to get that new card would be a hard hit.

But you%26#039;re 100% right because that new card would lower your debt to credit ratio and that will help your credit greatly.

Because you already have established credit cards you might want to call your companies and ask for a credit line increase. That way you wouldn%26#039;t have a new credit inquiry on your file.