Question: #1: credit limit?
is a credit limit on a credit card monthly or total? And if it is total, does it renew itself once you pay off your balance?
- asked by Tamara
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Question: #2: Credit Limit????
This is my first credit card & I have a credit limit of $300. This month there were a few unexpected car problems that came about so i used my card to pay the bills. I now have no available credit. if i pay only the minimum for this month will next month have a credit limit of $300 or will it be whatever the portion of this month's bill that i paid? i'm confused as to how this works
- asked by kale_yy
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Question: #3: What is a good credit limit for a first credit card?
I got my first credit card a couple years ago via Bank of America, and my current credit limit is $9000. Since I don't have any experience with credit cards in the past, I'm wondering if this is good or not? Is there anyway I can increase this limit? What do most credit card limits start at?
- asked by Michelle W
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Question: #4: How does a credit limit work, I just got my first credit card?
I just got my first credit card and it has a $2,500 limit on it. I have charged $2,225 on it. I will only be able to pay the minimum payment this bill cycle of $50. Though I should be able to pay it off in full by late September. In the mean time I need to pay some bills. Will I get a $2,500 credit limit the following cycle or just the remaining $275 until I pay the bill?
- asked by life
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Question: #5: Can my credit card company unilaterally lower my Credit limit at its discretion? How likely isthis?
I have a credit card with a credit limit of $12,500. I have not only been making the payments each month, but I have been paying off my monthly balance at the end of each month consistently. My father told me that, given the situation of today's financial market, the bank can decide to lower my limit. Is this possible? Is this likely? If so, what factors would influence their decision to lower my credit limit?
- asked by Mark R
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Question: #6: How does going over my credit limit affect my credit score?
I recently went over my credit limit by $10 and noticed that the credit card account (Cap One) was reported as delinquent on my equifax credit report? How can this happen and what are the consequences to my credit rating/score? Thanks for your response.
- asked by Seaman
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Question: #7: What is the average credit limit on a business credit card? What information will I need toprovide?
I have $30,000 and think to get business credit card. What is the average credit limit on a business credit card? What information will I need to provide?
- asked by dakeen forx
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Question: #8: How often can credit card companies reduce my limit on my credit card?
I got a letter from a credit card company saying that they have reduced my credit limit without any previous warning. Is there a limit to how often can they do this? Can they do it how ever many times they wish? For example, once every six months/year?Also, Is there any way to see it coming?The letter is not the warning because when i get the letter, the limit change is already in effect.
- asked by Ebubekir K
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Question: #9: What is a good credit limit to set for myself on my secured credit card in order to best benefit myscore?
I got a wellsfargo secured credit card and gave myself a limit of 500. I then checked my credit report and it said that small credit limits hurt your credit. should I up my credit limit? If so, whats the best limit to get to best increase my credit score. and whats the best way to use the card?
- asked by jjs8ig
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Question: #10: Is requesting an increase in a credit card limit treated the same as an application for new creditfor FICO?
I know that applying for a new card will reduce my FICO, and that increasing credit limits (while keeping debt amounts constant) will increase my score - but this would not be the case if requesting the increase in credit limit is treated as a new credit card application?
- asked by MSB
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Question: #11: What is the average credit limit for a credit card?
What would the average credit card limit be for someone who's 18 with no credit history? And also what would the credit limit be for someone who is 40 with good credit history.
- asked by Jimmy
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Question: #12: What will my credit limit be after filing for bankruptcy 8 years ago?
My credit limit on my VISA card before bankruptcy was $6000. I have not had any sort of credit card in since that time or taken out any loans. Can anyone guess as to what my credit limit MIGHT start off at when I reapply for a credit card again?
- asked by FisherZ23
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Question: #13: How does going over your credit limit affect your credit card?
I went over my credit limit because of a returned check, but quickly paid the (full) balance for the bill. This is my first credit card, and I am hoping to get my APR lowered and credit line raised. How will going over my credit limit/bouncing a check affect my chances of getting a lower APR and higher limit?Thanks
- asked by Nichole
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Question: #14: How to predict credit limit change on credit cards?
How to predict credit limit change on credit cards?I have two credit cards . I never missed payments. Usually I would pay off the balance in full. I am wondering how popular credit card companies increase credit limit. DO they double the limit? I am in AustraliaI heard limit practically doubles every 6 months. Is that so?
- asked by Swagato
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Question: #15: what is the maximum credit limit of mastercard?
Im planning to get myself a new credit card through mastercard and i want to know the maximum credit limit of mastercard. Mastercard people wont give me a straight answer, thats why im asking you guys. Hope you can help me.
- asked by crosshair
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Question: #16: Should I strive for a high credit limit? How many credit cards should I have?
I just figure the more credit the better. Does a higher credit limit increase your credit score? I don't plan on ever using all of it, but I want it to be available to me. And if my credit limit is higher, doesn't it make the amount I owe seem smaller, so my credit score will increase right?
- asked by Calista
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Question: #17: Can you ask for temporary credit limit increase in a credit card?
I have a Visa with a $2,000 credit limit and I am planning to go overseas for 2 weeks.
- asked by Panamaniac
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Question: #18: Can I call the credit card company and ask for a higher limit?
I got a credit card about 6 months ago with a limit of just $800. It's a student credit card. Can I call the credit card company and ask for a higher credit limit? I've heard you can ask for a lower interest rate and sometimes they'll give it to you, but is the same true for a higher credit limit?Thanks in advance.
- asked by starfishblues
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Question: #19: Should I up my credit limit on my credit cards before or after I buy my home?
My limits on my credit cards are low and I would like to up there limit but im about to buy a home. Im afraid after the mortgage shows up on my credit my credit card, They will not up my limit due to the new mortgage. So raise the limit now or after?
- asked by Jeremy D
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Question: #20: How do I request an increase in my credit limit?
I just found out that keeping my credit debt percentage at 25% of my credit limit helps my credit score. I have a $500 credit limit and would like to spend up to $250, so I'd like to upgrade my credit limit to $2000 to keep my credit debt below 25%. Is this a good idea?
- asked by Malaia
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Question: #21: Are there any credit cards where you can choose what your maximum credit limit is?
I want to get a credit card, but I want the credit limit to not exceed 200 dollars. (im new to this whole credit card thing lol). Any suggestions?
- asked by Chelsea R.
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Question: #22: How bad will going over my credit limit affect my score?
I have a Visa Card with Bank of America with a limit of 700.I recently went over my credit limit twice within about a month period. (However I am constantly checking my account balance and making payments when I get money)I know it is not good to even have this amount of debt and that I should stay at 30% of my credit limit. I am working to completely pay off this card and am no longer using it. How bad would you say my credit score may have been affected?
- asked by Sara C
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Question: #23: How much is too much when it comes to reaching your credit limit?
I know that credit card companies don't want you to come to close to your limit when using your credit card. How much of your credit limit should you use? For example, if you have a $5,000.00 credit limit, how much of that is enough?
- asked by russell h
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Question: #24: 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
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Question: #25: How much do you have to earn to get a credit limit above 40000 if you have excellent credit?
What is the formula for calculating how high your credit limit should be? And by 40000 I'm referring to all credit cards, not just one. Although it would be interesting to know how much you have to earn to get one credit card with a 40K limit.
- asked by Truth Seeker 576
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Question: #26: How do you get your credit card limit raised?
I just got my first credit card and I was wondering how to increase the credit limit on it? Can I max it out and pay the entire bill off each month? Also, how can I get the limit raised and get my credit score increased as well?
- asked by Kay
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Question: #27: How does a credit limit increase effect my credit score?
The limit on my department store credit card of almost 3 years has increased from $250 to $400. I'm young and have "limited" credit. Last summer my score was 637. Since then I have paid all my Credit cards off. Does the department store credit increase reflect that my credit is getting better? Also What does limited credit mean?
- asked by Megan
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Question: #28: When can I get Bank of America credit limit increase?
I applied for a BoA secured credit 18 mos ago with a credit limit of 500. It's now unsecured 6 months ago and they already returned the initial deposit. When can they increase the credit limit? Do I need to call them and request for a credit increase or they will automatically increase it? I pay my bills on time, no late payments, paid more than due or in full most of the time.
- asked by Google
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Question: #29: How much can you go over your credit limit on a credit card?
I have a credit card with a limit of 300$. How much can i go over that limit. Im willing to pay the 25$ overlimit fee each month till my credit limits back to 300
- asked by Jmm
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Question: #30: Is it possible to put money into my credit card to raise my limit?
I need to raise my credit limit in order to buy a laptop online. i've already tried calling the credit card company but they are not able to raise enough credit limit. is there anyway i could put money into my credit card to raise my credit limit? thanks.
- asked by ★ Lansing ★
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