Do you ever get limit increases on your credit cards?
April 1, 2008 8:53pm CST
If you use credit cards, do you ever request credit limit increases? I used to have really bad credit when I was in a bad marriage and finally got divorced. I managed to bring my credit score from a 530 FICO to over 700 now in less than three years. I started small with some gas station credit cards because that was basically all I could get. I tihnk my initial credit limit was $100. I would use $20-30 a month and pay it off at the end of each month, just to build it up. I have a few cards that increase my credit limit automatically every few months. For the ones that don't, I will usually request an increase every year or so. I dont' NEED or use the credit increase, but usually the more credit you have, the better it looks. I understand there are other factors involved, but I think I am doing pretty well now. How about you? How many credit cards do you have, and do you ever request credit limit increases?
13 May 09
I paid off my HBC Mastercard credit card, but they will not give me an increase. They say when my circumstances change. I guess it is because I am a senior citizen. I did have a little trouble with my CBC visa but that was over ten years ago. So that means that even though I can afford it, I cannot buy that lap top I am looking for. They won't let me.
5 Apr 08
Yes, I have a few credit cards too and the credit limit always increase from time to time. I even wrote in to them and in return they told me the increase was due to my prompt payment. I prefer to have low credit limit.