Easy Ways To Get A Higher Credit Card Limit
It is normal for many credit card holders aspire for a higher
credit card limit. With this allowance will enable them to
purchase higher price items or even unaffordable merchandises.
First and foremost, 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 7 other
ways to increase credit card limit:
1. Attract positive attention from the Credit Card Company or
bank by paying finance charges once in a while. Obviously, this
is not advisable on a repeating basis and should only be used as
a last resort to increase your chances of getting a higher
credit limit. Proving to credit card companies and banks that
you are good "borrower" can be a convincing way to get a higher
credit limit. But be careful because this strategy also means
that you will be paying finance charges which can accumulate in
a hurry.
And always remember, a higher credit card limit means greater
purchasing power, but it also increases the risk of your having
to pay greater interest charges and other processing and late
fees.
2. The best and simplest strategy for getting a 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 patterns, so always pay on-time.
3. Never make minimum payments. Instead, try to pay for the
entire outstanding amount. This will usually give you a better
chance of getting a higher credit card limit.
4. Use your credit cards regularly. Don't keep your cards for
emergency use only. If you use your credit cards sparingly,
banks and credit card companies will be unable to understand
your spending and pay-back behavior. Under these circumstances,
most banks and credit card companies will be reluctant to give
you a higher credit card limit.
5. Always spend within your credit card limit because doing so
means that you are capable of controlling your expenses.
6. The most important thing to do for getting a higher credit
card limit is to prove your credit worthiness. This is the first
thing that banks and companies look for when giving a higher
credit limit.
7. Avoid late payments as much as possible. Not only will your
increase payment increase, but you may also have to pay an
additional fine for not clearing bills on time. This will also
dim your chances of getting a higher credit card limit.
The key is that your performance in the records of banks and
credit card companies will determine whether you'll get a higher
credit card limit or not.