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How Can I Raise The Credit Limit On My Credit Card? - Credit Card Insider
Today's question is: How Can I Raise the Credit Limit on my Credit Card? More about credit limit increases: https://www.creditcardinsider.com/learn/credit-limit-increase/ Do you want to raise the credit limit on your credit card? There are a couple of ways you can go about doing this, from asking yourself to proving that you deserve it by building a solid credit history. Every week, John Ulzheimer answers YOUR credit questions. Email us, give us a call, or ask on live chat, and we may answer your question on YouTube! To learn about credit scores, credit reports, managing debt, and how credit cards work, check out our learn section at https://www.creditcardinsider.com/learn/ If you're looking for a credit card, start your search at https://www.creditcardinsider.com/credit-cards/ Join our community! https://plus.google.com/+Creditcardinsider https://twitter.com/cardinsider https://www.facebook.com/CreditCardInsider https://www.creditcardinsider.com
Adam Dorety: Please use a microphone.
Anthony Adedeji: Great Explanation.. Thank you so much. One question though, I have an Amazon Platinum Credit Card with a 500Pounds limit on it and I have never exceeded the limit but I however would love to have more spending limit on it, say £1000 as I often travel and most car rentals require a Credit Card to hold deposit and they are most likely going to hold more than £500 for deposit so I want to know if I can pay say an Extra £500 on my credit card to have a spend limit of £1000. Am not sure I made any sense. lol but I am really confused. Thanks
Frogs Dance Rhapsody: Do I need to be employed if I want a higher credit limit!?
Dani Alves: hello sir, if im with collections and i had other problems with my score ,
but at same time im good customer and doing well with my credit card payment on time ,
will they keep increasing my creadit or not
Patrick Lowery: I have a credit score of 767 and asked for an credit increase and got declined for the reason of Recent use of this account's existing credit line has been too low . I make every payment and have no balance. I dont understand .
Moth Queen: I have a credit card that started off as a collateral account (secured card through my bank) and it upgraded to an unsecured card with a limit of $1,000. How much longer would I have to wait to see a gradual increase in my credit limit? (I use my card responsibly and pay my bills before the statement closing date)
pianocrisante90 Crisante: If you have proven to the bank that you have had a good credit score they will very likely increase your credit limit without having to ask for it.
jimmy reyes: so if i ask just to raised 200 to 300 it wont b an inquiry
Dennis Wyeth: How often should a person ask for a credit limit increase? Most credit card companies now enable you to ask for a CLI online, but how often should you ask?
Jared Cox: I want to say thanks to this channel. And you especially John. I didn't grow up knowing much about how to earn and build credit.. or the importance of it. So I avoided it for way too long due to lack of knowledge and being scared of credit cards cause of horror stories I heard. Last year I was 35 and learned I had no credit score. Not bad credit, just no credit. So based on your videos and advice I got a no annual fee card that I was approved for.
All this is from free info from you, automatic payments, Netflix, about an hour worth of work, and one phone call. Thanks ALOT.
godgiven: when you say ask them for a credit increase are you reffering to the credit bureau trans union, experian etc or the credit card company like capital one in my situation. may be a stupid question
Mark: Why do I have to find this shit out at 25 years old on YTube? They need to teach this shit in school. Luckily I haven't fucked my score up too much.
p246784: hi , i am trying to build my credit history for the first time so i apply for a secure credit card 6 months ago , so what is the best next step to increase my credit score fast , apply for another credit card , or ask for refund of my secure deposit and make it non secure credit card or increase security deposit or just wait for another 6 monthes , i always pay everything in full never miss anything , i am confused and really need help
dante jackson: i was told that its not good to have a credit card and not actually use it. i only have a 1000 limit and i only swipe my card maybe twice each month for small stuff like 20 dollars on gas and then another 20 at the grocery store and i wont use it anymore till the next cycle. should i be using it more often or would it hurt my credit to continue using it the way i do
ZULFIQAR A AWAN: thanks for info
Eric Johnson: Mr. Alzheimer you're giving bad information. I just recently requested a $5000 credit line on my discover card which was approved for 4000 bringing my total credit line to 16,500
Max Bugatti: How Can I Raise The Credit Limit On My Credit Card? - Credit Card Insider | https://www.youtube.com/watch?v=zgHtlTmEaKQ | How Can I Raise The Credit Limit On My Credit Card? - Credit Card Insider
Hugecannonballs: John alzheimer is a forgetful guy
How Many Credit Inquiries Is Too Many? – Credit Card Insider
Today's question is: How Many Credit Inquiries Is Too Many? Ask us your credit questions in the comments and find your next card at .
3 Tips to Increase Your Credit Limit
Looking for a credit card limit increase? Here are three tips. Website: https://www.gobankingrates.com/credit-cards/tips-increase-credit-limit/
How To Increase Your Credit Card Limit
For many, credit is the stuff of life. We live and die by our credit cards. But that also limits us to however much we're allowed to spend on our credit cards. Here .
How Do I Increase The Limit On My Credit Card?
Expert tips increase your credit limit (get approved now line faq. How do i get a higher limit on my credit card? Nerdwallet. How to ask for a credit limit increase .
Credit Cards 101: How to build your credit score ASAP and leverage your money
This is one of the most important videos I've made so far: how to get a credit card, why you should care, what factors increase your credit score, and how that can .
Increase Your Credit Score Crash Course | BeatTheBush
Here are 7 proven ways to boost your credit score. Some are slightly against conventional wisdom but I show them because they work. 1. Comb your credit .
How Are Credit Card Limits Determined? - Credit Karma Answers
Here's Credit Karma's simple explanation of what you need to know about credit card limits and how you can increase your credit limit. For additional reading: .
Why Did My Credit Card Issuer Lower My Credit Limit? - Credit Card Insider
Today's question is: Why Did My Credit Card Issuer Lower My Credit Limit? Ask us your credit questions in the comments and find your next card at .
How Can I Raise The Credit Limit On My Credit Card? - Credit Card Insider
Today's question is: How Can I Raise the Credit Limit on my Credit Card? More about credit limit increases: .
Ways To Increase Credit Card Limit
The credit limit on your credit card is the maximum amount you can borrow from the credit card company every month. You may be wondering why you even should raise your credit line increase, or perhaps considering whether or not there are other benefits other than your current major reason in mind.
If you manage your credit well and have good habits then increasing your credit line has several advantages.
It can actually improve your credit score. When you pay with a credit card and you end up with a bill that is close to your credit limit it can be bad for your credit. However, if your bill is quite a bit less than the credit limit, you will see improvements in your credit.
Because you’ll have a better score you will have better chances of getting a lower interest rate or getting approved for a credit card or mortgage. Increasing your credit line can also make emergencies much more endurable in case a large sum of money is required.
Over time your bank is likely to raise your credit limit.
This is called an automatic increase. It is even more likely to happen when you have a low credit limit, and there is a less likely chance when your limit is already somewhat high. You could even ask for one as early as the first six months after opening a credit card in most cases. There are always things that you can do to get those credit limits to work to your advantage.
When you decide it is time to make a request for your credit limit to be raised you can either call by phone or apply online. Some companies will offer a new credit limit, but with other companies you may be the one to make the offer.
There is likely to be a temporary ding in your credit when you make this request, and the size of the pull depends on you as well as your card issuer. If your finances are in a good position you may receive the increase immediately. You may, on the other hand if your finances aren’t where they should be for the credit limit, either get denied, or, the company may offer you a counteroffer.
If you do decide to call you will have the best luck if you ask for the department that specifically handles credit limits, (they are known as credit risk departments) there is a lot better chance of talking to someone who knows what they’re doing. When you do talk to them make sure you include all of the reasons you should be given a credit limit raise. Try to see things from their perspective as best you can.
You can include anything that may work to your advantage; such as your credit or account history; occupation; income; and anything else related to your healthy financial habits.
If you do get denied, ask why. If they say the problem is with your credit then get your credit report pulled so that you can review it. This way, if anything is wrong, you can identify the cause and then take actions to make it right.