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How To Revamp Your Chances For A Credit Card Limit Increase

In the event that you are actually contemplating asking your credit card company for an increase there are several things you really need to consider first. There are benefits and drawbacks to raising your credit limit. With some luck you've already placed yourself ready to ask for an increase. If you have not here are some suggestions to get you all set.

Prove to Banking Institution You're Responsible

The initial step in getting approved for an increase in your credit limit is have you been responsible. Have you been responsible with the credit line you presently have? If you have paid your monthly bill punctually every month this is a very good sign. If you have certainly kept your credit usage less than 30% this is good as well.

You will definitely hurt your chances of getting approved if you have missed payments. For at minimum 6 months you need to pay your bills on schedule. If your credit card is maxed out you will minimize your possibilities of getting approved. Another warning is making tardy payments - refer www.creditlimitincrease.citi.com. Any cardholder that can steer clear of from these mistakes will have a better chance of getting approved.

Plead Your Case

If you are simply hard up for a credit limit increase take into consideration phoning your credit provider and talk with customer service. You will need to persuade them that you find yourself in a wretched scenario. You will need to persuade them that you are an obligated cardholder.

A few recommendations you may utilize to justify your point are shown below:

You've paid your account promptly monthly
Your income is constantly growing particularly lately
You regularly pay beyond the smallest payment
Your balance is paid in full every month

The aforementioned justifications are excellent cases you can use to plead your case. The minute you speak with someone in client service you are going to need to be respectful and kind to the person. You do not want to be hard to them since they are doing you a favor.

Ask For A Mediocre Increase

The very last thing you want to do is request for much more than you need. You don't want to drastically increase your limit. This may be a sign to the company and cause a rejection. Know how much you would like to raise your limit in advance. Do not ask the customer care professional for their point of view either.

A very good suggestion of an increase would be ten percent to 25%. If you have a $2000 credit line then request 10% to 25% of that which would equate to somewhere around $400.

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