It’s Surprisingly Easy to Get an Increased Credit Limit
Most of us wait for credit card companies to increase our credit limits. However, the bolder amongst us step up and ask for an increase. A surprising number of them get one.
According to Bankrate, a full 78% U.S. credit cardholders who have asked for a higher credit limit have been approved.
However, just 28% of cardholders have asked.
Getting an increase in your credit limit is not just a way to charge more products and services. It’s also a smart and easy way to increase your credit score.
You see, one of the ways your credit score is determined is by how much available credit you have. The more the merrier.
Keeping your card balances below 20%, (and preferably at zero), while raising your credit limit as much as possible is a nice recipe for increasing your credit score.
So, what are you waiting for? Call your credit card company and ask for an increase in your credit limit today.
Today’s Credit Unions