Just curious - say you get a credit card that has a low limit, and you are excellent about repaying it in full each month, how long does it usually tale for the credit card company to raise the limit?
2007-04-13 11:24:18 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
A lot depends on the card company.
Some are quick to give increases, others take their time.
Some give increases at the time the card is activated, others will not.
If you are at the 6 month mark, you might call and ask about a guideline increase with NO hard inquiry. If they say no, ask them what they want to see out of you to eventually get an increase.
Some companies will ask "you" how much you want - so you might want be prepared with a dollar figure.
In those cases, if you have a different card with a good credit limit that is higher than the card you are calling about, you might request that they match the limit of the other card.
If it's a store card, like Walmart or Dillards, etc., they might have a credit limit increase button on their site which you can click. Usually, but not always, those CLI website buttons will not result in a hard pull.
2007-04-13 11:40:03 · answer #1 · answered by echo 7 · 0⤊ 0⤋
Its usually in your credit card agreement. If it not after a certain amount of time..then enjoy the APR until you get a late payment or something. If you never do, and its a fixed rate card...then your rate may never change! ;-o
2007-04-13 19:05:52 · answer #2 · answered by Purple 4 · 0⤊ 0⤋
you can call them after you get it and ask and also ifthey charge a big interest then have thm drop it they can if you ask them as you say you pay on time
2007-04-13 18:30:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋