Assuming you have paid on time and made substantially higher that minimum due payments.
2007-03-26 07:17:30 · 12 answers · asked by amason1226 4 in Business & Finance ➔ Credit
It in fact would be a so to say "temporary fix" for vacation costs. I figure it is safer to do it this way then to carry around cash or what not. Also I'll get points for my purchases, can't get that with cash. Heck of a way to look at it.
2007-03-26 08:08:06 · update #1
Usually 1 year
2007-03-26 07:19:58 · answer #1 · answered by Jessie H 6 · 0⤊ 0⤋
Ask whenever you want, it's not like there will be consequences. But make sure you stay within your means. Don't listen to that guy who said to get off credit cards. They're a great way to hold onto a wad of cash until the end of the month to get your interest in the bank. If you have the money to pay, why pay now when you can pay the same later? Gotta consider the time value of your money.
2007-03-26 07:27:13 · answer #2 · answered by Tim 4 · 0⤊ 0⤋
A minimum of six months, but DON'T DO IT if you already maintain a balance!!!!! Only do it if you know you need the increase for something like a vacation, where you shouldn't carry the cash, but will have a number of TEMPORARY expenses.
2007-03-26 07:20:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Usually it takes anywhere from 3-6 months of an account being paid on time. Every company varies. It also depends on what is on your credit report. A lot of companies take your FICO score into consideration as well as your other revolving credit lines, their balances and high credit limits. People who have a high balances on their cards are usually considered high risk.
2007-03-26 07:46:30 · answer #4 · answered by jen252 1 · 0⤊ 0⤋
I'd suggest waiting at least one year. If you however consistantly near your credit line, the company might be hesitant to increase the limit.
Why not just pay cash for the item you want? If you can afford to pay more than your minimum, just take the extra and by the new item.
2007-03-26 07:21:07 · answer #5 · answered by Jen 5 · 0⤊ 0⤋
specific, whenever you practice for credit, your score drops (except you're figuring out to purchase around for expenditures of interest and practice for each and all of the products interior a 14 day era for a similar reason and your credit is checked via a similar bureau). specific, the inquiries teach as a "confusing" inquiry and makes your score pass down approximately 5 factors for each inquiry. (the truly factors rely on your different credit historic previous. A "gentle" inquiry does not harm your score and is used via businesses who do not get carry of an entire credit checklist, purely adequate for a pre-qualifying grant.) Maxing out your enjoying cards additionally makes your score pass down. you want to apply 30% or much less of your obtainable credit.
2016-11-23 17:06:25 · answer #6 · answered by ? 4 · 0⤊ 0⤋
I would say after 6 months
2007-03-26 07:57:20 · answer #7 · answered by shorty21 5 · 0⤊ 0⤋
6-12 mos, but if you're really good, they'll do it automatically. One of my mastercards just upped my limit $2,000 -- the 2nd increase and I got the card 18 months ago.
2007-03-26 07:26:10 · answer #8 · answered by cardinalboy97 3 · 1⤊ 0⤋
6 months for most of them, and then every 3 months after if you make your payments on time.
2007-03-26 07:31:39 · answer #9 · answered by Larry M 4 · 0⤊ 0⤋
Don't do it!
Try to get off credit cards - don't get more dependent on them.
If you can't afford something - you just can't afford it - don't through it on a credit card!
2007-03-26 07:20:26 · answer #10 · answered by Stan W 5 · 0⤊ 0⤋