How to Earn a Credit Limit Increase

If you’re looking to earn a credit limit increase, there are a few things you can do to improve your chances. Check out our tips and advice on how to earn a credit limit increase.

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Request a credit limit increase from your credit card issuer.

If you’re hoping to earn a credit limit increase, your first step should be to request one from your credit card issuer. You can do this by calling customer service or logging in to your account online.

When you request a credit limit increase, your issuer will likely perform a hard inquiry on your credit report. This could temporarily lower your credit score by a few points. But if you get approved for a higher credit limit, your score could go up in the long run. That’s because you’ll have a better credit utilization ratio — the amount of debt you’re carrying divided by the amount of credit available to you.

If you don’t want to request a higher credit limit from your issuer, you can try asking for a lower interest rate instead. This could save you money on interest charges and help improve your credit utilization ratio as well.

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