How Often Does Quadpay Increase Credit Limit?
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If you’re a fan of Quadpay and you’re curious about how often the company increases credit limits, you’re in luck. We’ve got all the info you need right here.
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Introduction
Quadpay is a financial services company that offers a credit card alternative for consumers. The company allows customers to make purchases with a debit card and then pay the full amount of their purchase over time in four equal installments. There is no interest charged on the purchase, but there is a $2 per installment fee.
The company offers two different plans – the Standard Plan and the Plus Plan. The Standard Plan has no annual fee and a $500 credit limit. The Plus Plan has an annual fee of $99 and a $1,000 credit limit.
To date, Quadpay has not increased the credit limits for customers on either plan.
How Often Does Quadpay Increase Credit Limit?
Quadpay doesn’t have a set schedule for credit limit increases. instead, they review your account every few weeks to see if you’re eligible for a credit limit increase. You may be eligible for a credit limit increase if you’ve made all your payments on time and you haven’t reached your credit limit.
Automatic Increases
Quadpay will automatically review your account every 30 days to see if you’re eligible for a credit limit increase. If you are, your new credit limit will be reflected in the app within 1-2 business days. You’ll also receive an email notification letting you know that your credit limit has increased.
Requesting an Increase
Quadpay will automatically review your account every 7-10 days and will let you know if you’re eligible for an increase. You can also request an increase by contacting our Support team.
How to Request a Credit Limit Increase from Quadpay
If you’re a Quadpay customer in good standing, you may be eligible to request a credit limit increase. This can be done through the Quadpay app or by logging in to your account on the Quadpay website. There is no hard and fast rule for how often Quadpay will approve credit limit increases, but requesting one will not impact your credit score.
Go to the Quadpay website
You can go to the Quadpay website and click on the “Request a Credit Limit Increase” link. You will need to provide your name, email address, and the reason why you are requesting a credit limit increase.
Log in to your account
Log in to your account and click on the “Request a Credit Limit Increase” link. You will be asked to provide information about your current income and employment status. Quadpay will then review your request and make a decision. If you are approved, your new credit limit will take effect immediately.
If you have been a responsible Quadpay user and would like to request a credit limit increase, you can do so by logging into your account and clicking on the “Request Credit Increase” button. We will then review your request and get back to you within 2-3 business days.
Enter the amount you would like to increase your credit limit by
You can enter the amount you would like to increase your credit limit by in the “Increase Credit Limit” field on the My Account page. You will need to re-enter your password to confirm the change. If you are not currently logged in, you can log in here. Please note that increasing your credit limit may result in a hard inquiry on your credit report.
After you have logged in, click on the “Submit” button located on the right side of the page. On the next page, you will be asked to provide your current credit limit and desired credit limit. You will also be asked to provide a reason for requesting a credit limit increase. Once you have submitted your information, a Quadpay representative will review your request and determine if a credit limit increase is possible.
Conclusion
While there is no hard and fast rule for how often Quadpay will increase your credit limit, customers have generally reported that they see an increase every few months. This may vary depending on individual circumstances, but it is good to keep in mind that Quadpay is likely to periodically reconsider your credit limit. If you have any questions about your credit limit, or would like to request an increase, you can contact Quadpay customer service.
