How To Get A Higher Credit Card Limit
Almost all credit card holders are aspiring for a higher credit
card limit. This is because a higher credit card limit will
enable them to make otherwise unaffordable purchases. Credit
card holders need to remember that to get a higher credit card
limit; they must abide by the terms and conditions of the credit
card company or bank. Below are other ways to get a higher
credit card limit.
* The most important thing to do to get a higher credit limit is
to prove your creditworthiness. This is the number one thing
banks and companies look for in giving a higher credit limit.
* Attract positive attention from the credit card company or
bank by paying finance purchases once in a while. However, it is
not advisable to make this method a habit and should only be
done as a last resort to increase your chances of getting a
higher credit limit.
* Proving credit card companies and banks that you are good
borrower would definitely convince them to give you a higher
credit limit. But be careful as such strategy could only serve
the benefit of the companies and banks. A higher credit card
limit means greater purchasing power but it also increases the
potential of the credit card companies and banks to earn through
you through increased interest charges and other fees.
* Always spend within your credit card limit because doing so
means that you are capable of controlling your expenses.
* Use your credit card regularly. Don't keep your cards for
emergency use only. If you sue your credit card sparingly banks
and credit card companies will be unable to understand your
spending and pay back behavior and would be reluctant to give
you a higher credit card limit.
* Never make minimum payments. Instead, try to pay for the
entire outstanding amount. This would give you better chances of
getting a higher credit card limit.
* Avoid late payments as much as possible. Not only do you
increase your interest, you also have to pay an additional fine
for not clearing bills on time. This would dim your chances in
getting a higher credit card limit.
* The best and simplest strategy to get higher credit card limit
is to use your credit card wisely. Always keep in mind that
credit card companies keep a record of your transactions and
payment pattern so always pay your dues on time and never make
late payments. Your performance in the records of banks and
credit card companies will determine whether you'll get a higher
credit card limit or not.