Question : What is the fastest way to get credit card limit increases?
I have several credit cards, each open about 2 years. I have a $0 balance on all of them. I have received a credit limit increase on only one of the cards. What is the fastest way to get my limit increased? Do I need do put charges on the cards to get increases faster?
- asked by knucklehead77
All Answers:
Answer #1
Use it and pay it back on a normal basis,gradually increasing the comfortable amount. Thenask. They'll give it and be glad
- answered by snakeplisskin33
Answer #2
yup. you need to spend more money in order forlimit increases. just pay your bill on time andyour good.
- answered by yeahyeah
Answer #3
This is not a good time for that.Just a year ortwo ago breathing would have qualified you forregular increases...doubling even.Now it's adifferent world. Everyone who looks like theymight be a risk is having their limits cut andinterest rates increased.My WAG is that you wouldhave to call them up and ask them for it.
- answered by MVD34
Answer #4
Sometimes it's as easy as picking up the phone. If you have not done so, call the customer serviceline and ask if your limit can be increased. Ofcourse, the availability of credit is a littlemore difficult these days, but it doesn't hurt toask.
- answered by Angie
Answer #5
Actively use your CCs and make payments on time toshow that you're responsible and capable ofhandling a larger limit. Then you can wait untilthey automatically increase it for you or you canput in a request to increase the limit.
- answered by STtheGHOST
Answer #6
You need to use those cards about every 4 monthsto keep them active. Some accounts are beingclosed after 9 months of inactivity.Most banks arecutting limits. Getting an increase is much moredifficult now. If you charge 70% or 80% of thelimit on a card and pay it off each month, you aremore likely to get an automatic increase.
- answered by bdancer222
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