2006-11-01 08:56:55 · 7 answers · asked by lilbagel21 2 in Business & Finance ➔ Credit
Usually the credit card company will continue to increase your limit as long as you continue to pay the blils on time. Start missing payments and you'll get stuck at the same limit for a while.
2006-11-01 09:01:42 · answer #1 · answered by Madflea 2 · 0⤊ 0⤋
Use it regularly, but pay it off as soon as possible. At least make sure to make minimum payments on time. Being late will not only delay a possible rise in limit, but will also incure a big late fee and raise the finance rate. A lot of cards will not charge you any finance charges if you pay off the whole amount before the end of the 30 day period in which you made the charges.
2006-11-01 09:52:12 · answer #2 · answered by romulusnr 5 · 0⤊ 0⤋
I make all my payments on time and can't keep my limit from going up. I don't think I've gone 6 months without a limit increase in over a decade.
2006-11-01 14:00:32 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
On time payments are the #1 way to up your limit...and paying more than the minimum payment. Usually around 6 months you will see your first increase if all payments are timely.
2006-11-01 09:08:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Pay that puppy on time and stay away from maxing it out. After 6 months call them and ask for an increase. Usually yearly they hike it up anyway- but if you get close to the limit- forget it- youre considered a risk.
2006-11-01 14:04:30 · answer #5 · answered by jeweledfruit 3 · 0⤊ 0⤋
Use your credit card responsibly. Use less than 30% of your available credit and pay your credit card on time.
2006-11-01 13:22:50 · answer #6 · answered by Mariposa 7 · 0⤊ 0⤋
with any type of credit, to make your ratings and credit go up you should make your payments on time and be sure to pay them all off when you’re supposed to.
2006-11-01 09:09:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋