How and Why to Ask For a Credit Limit Increase

Reporter: Nick DiUlio

Publication: CreditCardForum


Deadline: May 9, 2017 5:00 pm

Getting a credit limit increase can be a way to boost your credit score (and spending power) without applying for a new card. But you need to be careful. Some banks require a hard credit pull for an increase. And you have to go about asking in the right way, or risk getting denied. This article explains why asking for an increase can be a good credit-building tactic – and how to convince your issuer to give one to you. What are some key reasons to ask for an increase? What are some expert tips for going about asking for the increase? What are some pitfalls that may come from asking for an increase (or not going about it the right way)?

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