The length of residency often comes into play when establishing limits, too. If you relocate from place to place frequently, you could be considered less stable. Lenders clearly want to see stability when establishing your credit limits.
The final major factor in granting credit is how many other credit cards you have. The more credit cards you have, the less likely creditors will grant you a higher limit. However, if you've had the same credit card or cards for a long period of time, that would nullify the issue of having too many cards. Again, it's a reflection of your stability. A history of long term timely payments demonstrates stability.
I would further suggest obtaining a copy of your credit report at annualcreditreport.com. This is the only place you can get a free copy, and you are entitled to one free copy from each of the credit bureaus once a year. I recommend you print the report before migrating away from the page displaying your report, because once you leave that page, you will have to pay to see your report again until another year elapses. The reason for checking your report is to have an opportunity to correct any errors you are not aware of. When trying to maximize your credit limit the last thing you need on your report are errors.
- Are Discover Card credit cards any good?
- Which bank offers the best debit card?
- Is a credit score of 725 considered good?
- Why do you rate American Express credit requirements as "good credit" to secure a card? I thought to qualify for an American Express card you have to have excellent credit.
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?