Tips on Raising Credit Card Limit
Author: nikita
Posted: Fri Feb 13, 2004 6:19 pm
Post subject: Tips on Raising Credit Card Limit
I noticed some credit cards offer you an opportunity to raise your credit limit. How does that process work? How often do they actually end up raising it?
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Author: NightStar
Posted: Fri Feb 13, 2004 7:30 pm
Post subject: Tips on Raising Credit Card Limit
A few things about requesting a higher credit limit...
May have better luck if you insure the following things first:
1) Don't have all of your available credit limit on the account charged up, this will make you look high risk and result in decline.
2) Best if you have not had any lates recent on the account, another way to get declined.
3) Some credit cards not all, but some might need proof of income for underwriting to determine what they will allow extending the credit limit by.
4) If they don't require underwriting, they may still pull a copy of your credit report to insure that you have no derogitory remarks with other creditors.
You should be able to call them right up and ask over the phone to get a answer right immediately, if declined then they may tell you that a letter will be forth coming in the mail explaining why you did not get the increase.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri Feb 13, 2004 6:19 pm
Post subject: Tips on Raising Credit Card Limit
I noticed some credit cards offer you an opportunity to raise your credit limit. How does that process work? How often do they actually end up raising it?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: NightStar
Posted: Fri Feb 13, 2004 7:30 pm
Post subject: Tips on Raising Credit Card Limit
A few things about requesting a higher credit limit...
May have better luck if you insure the following things first:
1) Don't have all of your available credit limit on the account charged up, this will make you look high risk and result in decline.
2) Best if you have not had any lates recent on the account, another way to get declined.
3) Some credit cards not all, but some might need proof of income for underwriting to determine what they will allow extending the credit limit by.
4) If they don't require underwriting, they may still pull a copy of your credit report to insure that you have no derogitory remarks with other creditors.
You should be able to call them right up and ask over the phone to get a answer right immediately, if declined then they may tell you that a letter will be forth coming in the mail explaining why you did not get the increase.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 10:10 AM
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