How To Ask For A Credit Limit Raise

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Applying for a credit limit increase is just like applying for credit. "They will pull your credit history. They will ask questions. You have to go through the process," she says. Be prepared for one temporary negative side effect Asking for a higher credit limit triggers a hard credit inquiry, which can lower your credit score temporarily. So, "apply for it .First and foremost, ask yourself why you want to increase your credit limit. If it's to go on a shopping spree or purchase things you can't afford without credit, stop right there..Before you ask for a credit limit increase on your credit card, first assess your current financial situation. Be honest with yourself about why you want a higher credit limit. Then, if you still think a credit limit increase is in your best interest, contact your card issuer and make your case..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..

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  Applying for a credit limit increase is just like applying for credit. "They will pull your credit history. They will ask questions. You have to go through the process," she says. Be prepared for one temporary negative side effect Asking for a higher credit limit triggers a hard credit inquiry, which can lower your credit score temporarily. So, .

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