Well That's Awesome
By RK Finnell
@irishidid (8688)
United States
January 30, 2018 8:19am CST
I had noticed what I believed to be a mistake on my credit card limit. $2,000 more credit than I should have had. My limit was only $1,000 and I had purposely set it up that way. I could have taken as much as $5,000.
My credit union is in the grocery store so when I went there yesterday I stopped on our way out and asked the teller about it. He asked if I had my credit card with me, luckily I did and he checked it. Yes, they did up my credit limit so it was no mistakes. I have never been late with a payment and my credit score is at the awesome level.
As far as I'm concerned I still consider it at the original $1,000. That way I'm less likely to abuse it. For someone who worked their way up from a humbling 430 score, I know the work it takes to raise that score. It was a long journey and worth the time and effort.
9 people like this
8 responses
@Asylum (47893)
• Manchester, England
30 Jan 18
This is standard practice for credit card companies because they hope to entice you into taking on further credit and therefore higher interest.
Prior to the introduction of debit cards I always had a credit card, but paid off the full balance every month. Despite never using the card for credit they still insisted on increasing my credit limit regularly.
2 people like this
@irishidid (8688)
• United States
30 Jan 18
I've had the card for over two years. This is the first time they upped my credit.
2 people like this
@Asylum (47893)
• Manchester, England
30 Jan 18
@irishidid I expect that the limit will rise again in time.
1 person likes this
@BelleStarr (61047)
• United States
30 Jan 18
It is a long journey and I now never run a balance, I pay my card off every month in full and my credit score has soared.
1 person likes this
@irishidid (8688)
• United States
30 Jan 18
That's the best way to do it. Never spend more on the credit card than you can pay off.
@irishidid (8688)
• United States
30 Jan 18
It does feel good. I started telling my kids early on the importance of keeping it at a decent level. Something I wish I had been told. Luckily they listened.
1 person likes this
