What Options Do I Have If I Want a Credit Limit Increase?
Know what to do if you want to increase your credit limit
When it comes to getting a higher credit limit on a credit card, it can be beneficial or harmful to you, depending on your financial responsibility and how long you have had the card. If your income has increased, you pay off your full statement balance every month, and you have had the credit card for at least a year, your chances of getting a credit limit increase improve significantly, but there is no guarantee. If you believe that you more than qualify for a credit limit increase, the following four items represent your options:
1. Wait for an Automatic Credit Limit Increase
2. Make an Online Credit Limit Increase Request
3. Call Your Credit Card Issuer for a Credit Limit Increase
4. Apply for a New Credit Card
1. Wait for an Automatic Credit Limit Increase
Many credit card issuers will typically provide you with an automatic credit limit increase to your credit card depending on factors such as your usage, income, and length of having your account open with them. If your credit card issuer offers you a survey to fill out changes to your finances regarding such as a salary increase, make sure to…
