2007-09-02 07:22:06 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
If you have a new credit card, you will not get an increase until the lender sees your credit pay history. You will need to keep the card and use it and pay ON TIME and more than the minimum payment before you will get it. The fastest you could get it would be 6 months or so. This way the lender knows you will pay them on time and can establish this pattern.
2007-09-02 07:32:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I'm not too sure on this one, BUT I believe that if you pay on your card on time and with the minimum or above for 3-6 months or something you probably will be a candidate for such. My recommendation is not to delve into it too much, though having it and getting a higher limit looks good... it can be a temptation. Remember that credit is a loan, of which you must pay back. Just pay over the amount stated in the bill and do it on time and that will be good.
2007-09-02 07:32:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Use it and pay it in full every month. After about 6 months to a year they will automatically increase your limit. Works even faster if you run up close to the limit and pay it in full every month.
But why do you need a higher limit? Is there a legit reason other than you just want to charge up a bunch of stuff?
2007-09-02 07:33:47 · answer #3 · answered by bdancer222 7 · 0⤊ 0⤋
I had a Capital One, and it started off with a really low limit. I used it to buy little things every month and it added up to about $100 a month that I paid off on time, and after 3 months my limit went up.
2007-09-02 07:41:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Make purchase of $100.00,pay $150.00 on account 2 weeks after the purchase. Do this for six months,then ask for double the present limit ,or tell cc co. that you will go to another cc co.
2007-09-02 07:30:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
get card wait two months ask for credit limit raise 2000 immediately get ity.
2007-09-02 07:25:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You will need to use it for a while first and prove that you are a good credit risk, and then just call and ask.
2007-09-02 07:30:22 · answer #7 · answered by mom of 2 6 · 0⤊ 0⤋
Buy something at a large amount then pay it off and they will want you to charge more so they will send you an increase letter.
2007-09-02 07:31:07 · answer #8 · answered by VW LuLu 4 · 0⤊ 0⤋