Card Limit Increase
Upon approval on a credit card that you’re applying for, you may not initially get the credit limit that you
Since the limit given by credit card companies varies and depends on a person’s creditworthiness, requesting for a
credit card limit increase may be more difficult than applying for the card itself. People usually
have different motivations in requesting for a credit card limit increase. Some simply want an increase in their
purchasing power. Others want to consolidate the balances of all their cards. Most people, however, want a credit
card limit increase to boost their credit scores. If you really plan on escalating the spending limit of your card,
here are a few things that you can do.
First, stick to the terms and conditions of your credit card. Fully understanding the rules will help you to better
manage your card. Following them responsibly will prove your creditworthiness to the company and will greatly
improve your image to them.
Second, do not content yourself with paying just the minimum monthly requirement per month. If you can pay for your
entire balance, not only will you rid yourself of extra fees and interest charges, you will also improve your
standing in your creditor’s list. Credit card companies only grant credit card limit increase requests to people
who they think are worth the risk.
Never miss on a due date. It’s okay if you cannot pay for your bills in full. Just make sure to give something to
your creditors at least once a month. It will also help if you avoid going over your credit limit. If you can show
your credit card company that you are perfectly capable of keeping a budget of your finances, your request for a
credit card limit increase may just be heard.
Keeping your credit card in use will also be helpful. Do not just use it during emergencies. Swiping your card on a
regular basis will definitely boost your image to your creditors since they will see regular patterns of spending
and payment in your credit record. Make sure, though, that your spending is within your means and that you are
capable of paying for it. A regularly and responsibly used credit card will show your capability to you creditor
and may just give you the credit card limit increase that you want.
However, do not expect approval on your credit card limit increase request with only a couple of months on
your record. Be patient. Make sure that you have at least six months of good standing in order to get higher
chances of approval on your request for credit card limit increase.
Source: Credit Cards For People With Bad Credit Rating
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