How To Ask For A Credit Card Limit Increase

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To a large extent, the height of that ceiling is out of your control. Your credit card issuer sets your credit limit when it gives you the card, taking into account your credit history, credit score and your income. Issuers can raise or lower your limit at whim there are no laws that prevent them from doing so..You can choose a credit card company, apply, get your new card and be done or you can apply for a new card with your current lender and, once approved, reallocate a portion of your new credit line to the card you originally wanted to be increased..The wrong time to ask for a credit limit increase. When you've recently requested increases elsewhere or applied for new lines of credit. A flurry of requests for new credit can be a sign of financial distress. When you apply for new credit, and sometimes when you apply for a credit limit increase, a hard inquiry appears on your credit report..Here are four ways to increase your limit, plus tips on how to know whether a credit limit increase is right for you. Options for getting a higher credit limit. Make a request online. Many credit card issuers allow their cardholders to ask for a credit limit increase online. Sign in to your account and look for an option to submit a request..

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