How to Get A Credit Card Limit Increase

I know the economy is rough today and yes, credit card companies are cutting back on consumer’s credit limits but that doesn’t mean you can’t try to get a credit limit increase. If you’re looking for a limit increase, here are some tips you can follow in order to get that potential credit card limit increase.

Prove that you deserve it – If you’re not paying your bills or you have a bad credit history with the company, there’s a great chance that you might not get that credit limit. If you have paid on time and you can show them you’ve been a good customer, the chances of getting a credit limit increase are actually pretty good.

Use that card all the time – If you have that card sitting there and collecting dust, they may not give you that credit limit. Why? Because what if you want that credit limit because you’re going into debt? You have to show them that you’re a loyal customer and that you use their card responsibly all the time.

Try to have a $0 balance – The closer you can get to a $0 balance, the better your chances are when you ask for the limit increase. If you have a $5,000 limit and $4,500 is on the card and you made a payment of $30 last month, they are going to think you need to charge more and you’re not going to pay it off.

Be nice and explain why – If you need that limit increase, call up a representative and explain why you need the increase. Are you planning on buying a car? Tell them what you’re going to do and how you’re going to pay it off. As long as you’re honest, it will help your chances. You shouldn’t be rude and tell them you deserve it because you’re special.

It’s really not that hard to get a higher credit card limit. As long as you’re a good customer and you can show that you can pay your balances off on time, you’re going to have a great chance. It never hurts to call up even if you don’t fall into these categories. As long as you’re responsible, you shouldn’t have anything to worry about.

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