Hello Everyone,

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I have a question I know having a high credit limit is good because it lowers your total credit utializion however, What else does it do for you as far as credit score, so my questions are.

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1. Does a high credit limit give you better rates on anything like car loans personal loans etc?
2. Do the banks care that you have a high credit limit?
3. Are there any other benefits besides the lower credit utilization?

From my understanding, the credit limit doesn't do much in terms of anything else. for Example. Let's say I Wanted a 50K car and I had a job paying me 55K a year and I also have a credit limit of 65K, The bank wouldn't care about my credit limit and only go off my yearly income correct?

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Thanks in advance