How to increase your credit limit

Maybe you need extra spending power for home renovations. Or perhaps you’re trying to increase your credit score. Whatever the reason you need extra available credit, asking for a little more on an existing card instead of applying for a new card can be a beneficial tactic.

However, asking your credit issuer for a higher limit needs to be done thoughtfully, carefully and for the right reasons. Here are some tips on how (and why) to ask for a credit limit increase.

More credit can boost your score

Extending your credit limit isn’t just a matter of wanting to buy more stuff. In fact, asking for more credit can be a great way to help build or maintain a positive credit score, according to personal finance blogger David Weliver, who publishes,

“Many years ago I was buried under lots of credit card debt. And even though I was making payments on time my score was suffering because I was maxed out on my cards,” says Weliver. “My credit utilization ratio was way too high, and getting more credit could have helped.”

Maintaining a low credit utilization ratio (the percentage of credit you have compared to how much you owe) is critical to maintaining a positive credit score, and Weliver says increasing the credit limit on a card is particularly important for consumers who carry a regular balance, especially if the amount owed is around 30 percent of your total available credit.

“Once I started really working on reducing my credit utilization ratio I saw my score improve by 20 to 30 points in a single month,” says Weliver.

As a caveat, Weliver points out that not everyone will be able to take advantage of this strategy.

“If you’re maxed out at like 90 percent of your available credit and making minimum payments for several months in a row, I wouldn’t expect to get an increase if you ask for one,” says Weliver. “But if your [utilization ratio] is typically below 50 percent, an increase is a much less risky proposition for your credit card provider.”

Even if you don’t regularly carry a balance, increasing your credit limit can still work in your favor, especially if you’re new to the credit-building world.

“You may only have a few years of credit history under your belt. And even if you don’t plan on using it, adding more credit will boost your ratio,” says Weliver. “As long as you trust yourself and you know that having more credit won’t cause you to use it irresponsibly, go ahead and ask for the increase.”

Credit-limit increases (probably) won’t ding your score

One of the downsides to getting a new credit card is that the application process requires the issuer to make a hard inquiry on your credit report, which can lower your score by a few points. Getting a credit limit increase, however, doesn’t typically come with the same problem — but you need to make sure.

“Before you go for the increase ask if it’s going to be a hard inquiry,” says Weliver. “It generally makes sense to avoid hard inquiries if you don’t need them. So if they tell you it will be a hard inquiry you need to weigh that against any other credit-building options you may have.”

More credit can help with a balance transfer

If you’re trying to consolidate your credit card debt in order to pay it off more efficiently, a credit limit increase may be useful.

“If you call your credit card company and tell them you need a credit limit increase in order to transfer a balance from another bank, they love that,” says Scott Bilker, author of “Talk Your Way Out of Credit Card Debt” and creator of “It doesn’t guarantee the increase but it’s a great incentive for them to consider it.”

Once you’ve transferred your balance you can try negotiating with your credit card issuer for a better interest rate.

“It costs credit card companies more money to get new customers than to keep existing ones, which means it’s probably cheaper for them to offer you a better rate than to find someone new,” says Bilker.

Be reasonable with your request

For many years Weliver and his wife shared one mid-level cash rewards credit card with a $6,000 limit. And that was all they needed—until they bought their first home.

“We had some renovations underway and started getting really close to our credit limit each month,” says Weliver. “That’s the first time I asked for an increase.”

Weliver called his credit card issuer and told them he wanted to extend his available credit to $10,000. They said they could offer him $9,000 and he took it. Today, Weliver suggests asking for an increase of no more than 50 percent of your current limit.

“Don’t go into it expecting to double your credit limit with one phone call. That’s pushing it,” says Weliver. “And expect that lenders are the ones holding the cards. You might be able to negotiate a little bit, but generally they’re working off of strict algorithms that tell them how much of an increase you’re eligible for.”

What’s more, Bilker says it’s important to understand why you’re asking for the increase in the first place.

“If you’re just looking to add to your spending power or to boost your utilization ratio, ask the person on the phone what they suggest is possible. They might give you some advice,” says Bilker. “But if you’re doing it for the sake of a balance transfer, only ask for as much as you need to make that possible.”

Don’t rush it

According to personal finance expert Natasha Rachel Smith, your best chances of a credit limit increase will come from the card you’ve held the longest.

“Asking for a flat-out increase just a few months into having a card can be seen as a risk factor,” says Smith. “Wait a year or two before you ask for an increase so your provider has a relationship with you and sees a history of managing your credit responsibly.”

What’s more, be cautious about asking all your card issuers for an increase at the same time.

“There may be a hard credit check required, and while one or two hard inquiries in a short window won’t raise any red flags, having more than two from card issuers in a short period of time will send the wrong signal,” says Ian Atkins, personal finance expert at “You’re not desperate for higher credit limits, so take your time. Seek an increase on the one card you’re most likely to get an increase from, then wait a few months before approaching other card issuers.”

Finally, if your credit is in the dumps and you’ve already been turned down for an increase, Bilker suggests waiting for at least six months to try again.

“Build up a solid history of paying on time to boost your score,” says Bilker. “Credit limit increases are only for the most disciplined among us.”

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

you can increase limit but make sure to choose the real credit card company and not just ebay or walmart credit cards! because that kind of company most of the time, can’t increase too much! try with citi, or amex!

I usually pay cash for stuff I buy.however i have quite a bit of debt due to my low income , how is that viewed when applying for a credit card. My credit score is constantly on a roller coaster and now severely suffering because my cousin has not been paying her monthly note as expected and myself has been skipping few bills.I applied for an American Express card ,the application was denied.Though i had one many years ago,and i use it to pay my minor expenses ontime. This is the second time that I get denied.i have been monitoring my score and now i have My credit score at about 610 but i needed it to be upgraded for a CAR loan,just last week i saw a review on Facebook about this hacker who helped a lady to boost her credit score.i took his contact and mailed him asking him if he can help me fix my credit,Expectantly it was fixed and raised to 895 and all my debts has been rolled out..HACKMANIA_9 AT OUTLOOK DOT COM,Thats his email,should in case you need your credit fixed just like mine.

Hey guys, I’m 19 years old and j just got approved for a Bank of Utah secured credit card with a credit limit of only $300. So far I’ve had it for 2 months making small purchases of gas, food and clothes and been paying it off quickly without little or no balances. How long will it take to raise my credit to $500 or $600? Or when would be the right time to ask my bank for a credit raise? As I am just beginning to establish credit.

Hi Ali,

With a secured card you have given them the money upfront. You gave the bank the $300 which is your credit limit. After 1 year of good payment history they will give back that $300. That is when I would ask for the increase.

I have a question. I currently hold 17 credit cards with a total limit of $104,750. I do not carry a balance, I pay my bills off each month. Many of my cards will give a credit limit increase every six months with no hard inquiry, which I have been taking advantage of. But I wonder if there is a such thing as too much credit? Someone also said that I need to keep at least a 1% balance to not get dinged in credit score. As my credit limits increase that means the amount I need to carry each month increases as well, subjecting myself to interest payments. What is the right thing to do? Should I continue asking for credit limit increases, or should I stop? I have a great mix of credit; mortgage, auto loan, student loans, credit cards. I have kept my total debt to income ratio at 18%. Perfect payment history. Only negative is a fairly short average credit history of 5 years, oldest account is 15 years. Advise?

Try setting up automatic payment on your regular bills with your credit cards. If you use auto pay, the whole thing can go on cruise control. Most credit card companies will report to the bureaus around the 25th of each month and bill interest after 30 days, so if you auto pay your utility bills with your credit cards (with 17 cards, you may be able to use one card for each bill) around the 15th of each month and pay off the card around the first, you will show credit utilization and monthly on-time payments without having to spend money you don’t have on stuff you don’t need. Another tip, try to use cards that report to all 3 credit bureaus to do this. Check your credit reports to see which ones do and which don’t. A combination of Credit Karma and Experian’s app will get you all 3 scores at your fingertips at no charge or a nominal fee. One of the apps charged $1.00 simply so they could see it on my report if I remember correctly.

Jus a FYI – some credit card companies don’t match, compete, etc. with CLI. More often than not in this present day, account managers have a push button, full in the information about your income, and everything else I’d done behind the scenes.

Reminding people how long you have been with them, how well your credit history is, etc is just a waste of time. The computer knows all of your account history, and there is nothing the amount managers can do with what your provide.

I’ve been reading all the posts in regards to CLI and I decided to give it a try. I love the fact that CLIs don’t require a hard pull and yet help add some points to your score. Its a win-win, just as long as the “new” credit is used wisely or not at all. Here are my recent results:
CapOne 750 to 1,750 (yes, it happened but I had the card for over 5 years)
CapOne 750 to 1,00 (my second CapOne card, I had for over 3 years)
Victoria Secret 250 to 550
Bealls Florida 250 to 850
Target 200 (requested CLI but still waiting on response)
Kohl’s 300 (requested CLI but still waiting on response)
The last two did not have a “luv button” thus the request was made with a live rep who told me I should get a response by mail.

Folks. A lot of the talk here is a kind of modern popular insanity. Really. Try checking out Dave Ramsey’s radio show or check out his website. Credit cards are not necessarily the best financing vehicle and are not the best thing for everyone…

And Dave Ramsey’s method of dealing of credit isn’t the best for everyone either.

Joseph Bronson

If credit is used responsibly then, yes it is! In today’s economy, credit means everything. I learned the hard way. I paid for everything & thus had no credit. Now I have 80k in cl’s & my fico score is great! I only use up to 9% of that credit and when I do, I normally PIF. Only carry a balance so that I have at least 1% reporting to keep my scores up. You just need to remember that using it wisely is the difference. And if you need something new for your home in excess of 10k, getting a 12 months same as cash instead of using your savings is the best way to go!

Wouldn’t doing this though A.) Add a hard inquiry to your credit report and B.) Bring your overall account age down since you now have a new account and accounts are averaged by length of time they have been opened ? Which would kind of be counter productive ….

I also was wondering if you had say a capitol one account from a year ago that you closed and decided to reopen would it just restart the already existing account on your credit file or create a new one as well as account age ?

I had a college bank account with Wells Fargo and applied for a credit card about a year and a half ago and was approved for a $300 secured card. After making payments faithfully, they approved me for a regular credit card and raised my credit limit to $600 in May or June of this year. I am currently using about 1/3 of my limit and pay double my minimum payment at least but have not paid it off fully since the upgrade as I just got married. Any advice on when I should request a credit limit increase? Also, which credit card should I apply for if I’m trying to build some credit history? Thanks for your help!

We had a flood in our home. 108,000 in damage and had to move out. Insurance stuck us with huge bills that took w hile to get paid. 5,00 electric bill for drying machines etc. It ruined my credit. I could not pay bills for two homes while waiting for payments from insurance. I filed chapter7. Then bank of america was not sending the statements each month and our mortgage was .38 off. Yes that is right for .38 cents. My mortagage was never late before or during the bankruptcy it was only for other bills. They had us locked out of the mortgage online because of the bankruptcy. So when they changed the payment .38 off they didn’t notify us and we had to get an attorney. cost me another 3000. and he filed a chapter 11 before we went to court bank of america fixed the bills and the lawyer had them lower our payment and finance charges to 4 percent. Our mortgage went up from the homeowners going up over 1600. more. So the second bankruptcy was closed after 5 months of the lawyer getting them to fix things. The mortgage was never really behind boa played a game. So it has been a year and all mortgage payments have been on time and car payments. I make 130,000 a year plus if I do overtime more then. I just in feb. Open my first credit card to rebuild credit. capital one gave me a 3000. limit. I don’t want a ton of cards. I just want two with high limits easier to pay bills each month when online with only two to sit and pay. Time is a factor in my decsision. Two things. I want to get an increase on capital one to 5000. or 7000. or a second card. I have been paying more than the 3000. limit on the card each month but in a few payments not all at once. I even use it for utilities for free points and to make the balance high then pay it off to show I can make high monthly payments and pay it off. I asked at five months and they told me the account was not open long enough. I am at six months and almost seven. Should I ask for an increase or another card? After I pay my mortgage and car payment I have over 4000. a month in extra income. that I can bank etc. I can make it more if I wanted to cut other stuff that is not really needed. I though about applying for blue nile and getting my wife a new ring since some of her stones have fallen out. I can pay cash But I am looking for ways to rebuild credit. We want to move in a year to a single that is smaller than our townhome but with a bigger yard for our son and dog. We want more outdoor space. I don’t need furniture or anything but rebuilding credit. I need to fix my credit score from 655 to a higher score to move. My wife and I are in the travel phase and rebuild credit. I applied for chase disney card in feb. they turned me down so I just paid 9500. cash for a disney trip for oct. I was going to use the points from chase for disney and rebuild credit. their loss. I travel to disney twice a year. So chase in my opinion will not get my business. Capital one gave me a chance so I am loyal to them. Should I call and ask. I can provide documentation of everything that has happen. Part of me is like I will just pay cash. In the two years time since this has all happen I have done so much with out credit but to move the realtor and mortgage guy said get credit cards and get a higher scorethan 655. A mortgage and car will not raise it enough. All of this from a flood and boa playing a game. The insurance guy said your home was almost totally rebuilt if they foreclose they make a huge pay out from collecting from the mortgage insurance and foreclosure.Double payday for them. All of this because of a mortgage broker told me to put 58,000 down instead of 60,000 I had the money to put me in pmi. I had about seven cards and loans and great credit before all this. All on time. This sucks. My score goes up in very little amounts.

Call Cap 1 Exactive office and ask for an increase, I went from 500 to 5000. Google thier number.

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I currently have a credit card with my credit union I work for and it’s a credit builder CC and the limit will go up $100 every month after 3 months of good payment history. I am just about to get to my first $100 increase at the end of the month. I also just got a Capital One Quicksilver rewards card with a $300 limit. By the time the intial 5 month period for increases with capital one ends my credit union card will have a $900 limit. My question is when Capital One evaluates my credit again to see if i’m eligibly for an increase do you think with good payment history and only utilizing 30% of my limit will they likely match my same limit with my credit union card or not increase at all? I have beginngers credit 602 score. This is my first time ever given the chance at credit cards so i’m trying to improve my score and learn the balance of managing credit cards.

Also, I have heard about the Capital One Credit Steps program which I am unsure if my card was put into the program, is there anyway I can find that out? When I received my card I read all of the disclosures and never saw anything mentioning that my card was put into the program. I just do not want to be stuck with such a low limit card when I know my credit union card will increase every month on its own.

Any input would be great help! Thanks.

capitalone does not match other credit lines.

I have capital one qs card and I received a email stating i was enrolled in the steps program ad that i would get an increase from 300 to 500 after my 6th statemet. Well I asked for an increase before I got the increase online from the steps program. It went from 300 to 800. I was told I would still get the increase from the steps program. So that would take me to 1000. I use my card regularly and pay it off often becaus eof the low balance my fico score is 600. It was around 576 when I applied in December.

I want to apply for a credit card for my 17 month old son to establish him credit early. He gets $500 month income that goes directly into his 529 plan. Is this a good idea?

I’m am 18 years old my mother did the same for me and I believe it is a bad idea I currently make 2500 dollars a month and have a 500 dollar limit on my own credit card making that I still find it hard to keep up with keeping it paid off and got my mother into debt with my previous card I would use a credit card as more of a responsibility builder then a credit builder for earlier applicants I feel there’s better ways to build your credit as a youth

No!!! You need to raise your son to understand credit responsibility. Taking out credit in some else’s name is not only wrong but illegal. Just teach him right and he will grow to have a healthy score on his own time…

That depends… How many things will your child need to buy for the next 18 years on credit? Also if tragedy strikes you and your unable to pay, will those creditors be able to wipe out your sons savings in any form? Just a tid bit to think about. If I wanted to raise my childs credit… I would simply apply for a gas card and put the child as a signer without their knowledge. Your going to pay for the gas anyway for the rest of your existence and worse case scenario another family member is only stuck with a 50 dollar debt to a gas card if tragedy strikes you. When you receive the extra card sent for your child… Shred it so no unwanted users can take advantage and put you in a hurt locker when your blind to their actions. When your child is of age… then simply share the news on how well you maintained 18 years of credit history through several gas cards. Now they should have no problems applying everything you taught them about finance since they were three. Plus their future investments will be able to move forward at a extremely low interest rate.

It’s a little early for the credit card; however, it’s great that you’re putting away money for college. Once he’s in high school, it might be a good idea to add him as an authorized user to one of your accounts.

A 17 month old does not need a credit card or credit history or file. A college or savings plan is a thoughtful and smart thing to do, but what you are considering sounds very much like identity theft. Invest or save the money your child receives, anything else and imo you are creating a mess that could effect both your lives for a very long time and not in a good way.

It’s a good idea in theory, however you’re pretty early. The top tier in credit age is 9+ years, so you’re about 8 years early. Otherwise, the gas card is a good idea, another good one is to get a secured card with a $200 limit and use it to pay a $50/month or slightly less bill every month, then when they are old enough to pass it on to them, you’re not going to destroy your credit if they prove to be an irresponsible teenager, you’ve already bailed them out with the prepaid balance. Also, if you do this, make damn sure you use a card that reports to all 3 credit bureaus, otherwise you’ll be doing all of this for nothing. Open Sky is a great card for this.

I have a low income but have 2 credit cards with decent limits. Both cards are offering higher limits, which I have not accepted. I would prefer a lower interest rate. If I apply for a new card or line of credit I have to submit my taxes etc which I don’t think would go over well. Should I ask one of my companies for a second card? Should I accept the higher limits? It seems like a bit of a time bomb.

Him danbeca higher limits actually help your credit score because it shows your debt to ratio is smaller

Just be smart and try to use less than 30% and try to pay most of your balance if not all every month if you pay off your balance it doesn’t matter what your interest is because you don’t pay it since it’s payed in full

Need advise on getting a higher credit limit on my credit cards. I recently ( 12/13 ) got approved for a Cap one with credit limit of $500 and Discover it card with a cl of $1600. Now, I want to ask for and increase on the discover because that’s the card that I’m constantly using to book my vacation. I know that it might be too soon but I really need it to be increase. I’m using $1000 out of the $1600 but also I’m paying it all off within days. I don’t wait for the statement to get home I pay it as soon as it shows up online that is ok to make the payments. I need advise on how and when to do this. Keep in mind that I am building my credit now and my fico is 662 as per discover. I seriously don’t know what to do. I’m afraid that I might get denied for this, even thou I was told by customer service that I am 100% in good standing with them and all is ok. Any advise??? Am kind off in a hurry to get an even higher CL with all my cards. PLEASE HELP!!!!

Apply for a citibank credit card they’re an international bank and as long as you have good established credit they can usually offer you a higher credit limit. They also have really good promo rates offering you % for the first year try them out . Thanx hope this helps

If you open another credit card and then re-allocate the credit line how do you keep it from showing up on your credit report as another account opened? I already have 3 credit cards and 1 store credit card.

Hi Amy chances are that it’ll show up but the good news is the average person has seven credit cards so four is not bad, try to get an increase on one instead of adding another

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Hi, im currently trying to build up my credit and 6 months ago i was approved for a capital one credit card with a $300 credit limit. After 5 months of consecutive no late payments i receive an $1000 increase. My credit report show me at 630 and i would like to know how can i get a credit increase and the best way to do it without getting a rejection. I apply for a American eagle card and was approve for $500 limit and a Victoria Secret with 350. Im interested in getting another major credit card but with at least a credit limit of 4-5000 credit limit. Can someone please give me advise on how to do this. I want to keep building my credit but also would like an increase. I pay my credit card bills 2 weeks before due date and all at once.

WTF!!! I have had a Capital One card with a $300 limit for over FIVE YEARS and they have never raised my limit. I had one 30-days-late flag in 2008 and one or two late payments besides that, but that’s it. My balance is often high but that’s also because the credit limit is so low. I always tried to make more than just the minimum payment if I couldn’t pay it all down. I finally got good at paying it down to zero on a regular basis a year ago. I’m mad they never just gave me one when I have been a customer for so long! I didn’t know that was a thing they did, I thought you had to ask.

Also it’s the only credit card I have, I have tried applying for different cards but got denied because my income was too low. ($11,000 yr part time) Sigh… I guess I’ll have to wait a year or so until I make a higher income. It’s just annoying, I like to do shopping online, and it’s safest with a credit card. What if I want to buy an item that costs more than $300? It’s too risky to buy a big item online with a debit card.

You have to go on your account and go to ‘Services’ tab, then ‘more’ then under the ‘Online Services’ area click ‘Request Increase’

I would recommend you start paying your bills on time first. You shouldn’t have the mentality that you should automatically be given a credit increase if you can’t even pay the one you have on time! You said you’ve had 3 late payments on your card… that’s 3 more than I’ve ever had in the past 10 years. That’s probably why I have a $10k limit on two of them though.

The “double-take” worked well for me for years, but then some of my creditors, namely Chase, BofA and AmEx started factoring in three more components which caused me to stop getting increases even with an 820 FICO and no hard inquires. (1) Amount of total unsecured credit available across all credit cards on my CR (2) Amount of total credit I had with them across multiple cards, including business cards (3) Amount of “unneeded credit” (I.e. The portion of my credit limits that was beyond my utilization level). Several credit analysts mentioned this when I did a recon. They said that the bank doesn’t like to have more exposure than is necessary for a client’s spending level. Plus, they know there’s always some chance you could run ramp up your spending and quickly be in more debt than you could support. I wanted my limits high to keep my utilization at a low %. I didn’t say that, but that was one of my main reasons for requesting an increase. They didn’t think this was a valid reason for additional credit even though my finances supported it. So, if in that situation, have an answer ready for why you really need a lot more credit than you ever have used.That’s just something to be mindful of if you do find yourself talking to a lender and getting a manual review for an increase or new trade line. It seems many of them are on to that now.

hahaha “little to know debt” ????

wouldn’t we all love to have some little to know debt!!

If I do the second method since I have a Discover IT card and I apply for another Discover Card with maybe a 3,000 limit and I can transfer it to my Discover IT card which only has a 1,000 limit, I can get a 4,000 limit if they don’t give me an increase?

Also, I should shoot for the moon and not the stars. How do I know how much of a credit limit increase is the moon and which one is for stars so they don’t flag me?

Please post if you have success in reallocating with Discover. I could never get them to move available credit between my Escape and It cards. I had to always request a line increase specific to each card.

So what would be the proper profession to say you have, I work in sales of a precision agriculture company, my title is account manager, but should I state manager or sales?

I applied for a credit card today got accepted! i tried getting a credit card for years and always got denied so I’m pretty excited my credit limit is only $300, but I’m not complaining. I’m just happy i got accepted i was trying to find ways to get a increase by earning it by never missing a payment. i only wanna use my credit card for emergencies.

Just some (very belated) congrats to you, Brianna! Use your card conservatively and the results will be very good for you.

Initially denied credit limit increase because capital one does not do customer requests. Emailed CEO. Got a call and increase from executive office. Really does work! Very happy given 2 increases in my 10 mths withthem.

I have had credit issues in the past I had one chase card and one capital one card that both went into collections. This was 6 years ago I have paid off both cards and now my credit scores are in the 690-700 range. I do bank with Chase but I am always denied when I apply for a credit card with chase. Do you think since my old credit card with chase went into collections they will always automatically deny me? Also the chase collection account has already been taken off my credit report also. What do you think?

You are probably being denied because you’re requesting too many times. I would wait at least 12 months before you apply for any line of credit. If possible, you should go to the bank and talk to one fo their credit people and ask questions before you apply.

hello, i am 23 years old, i am a sales manager at an insurance agency and make a decent income. i have two capital one cards with limits of 450 – 500 my limits have been the same for the last two years, not received one increase but i haven’t asked the companies nor talked to them, any ideas of how to go about getting a decent increase into the thousands range? i have about 700 credit
any information will be appreciated

-Thank you

Try applying for another card. You may get a higher limit, plus you’ll have more cards you’re balancing which looks good to the credit bureaus. The downside is you’ll make the average age of your accounts younger.

Hi Im 19 and make well over $500,000 a year (not a typo). I was just wondering if anyone knew if I could get my cl increased by getting on a forum and bragging about how much money I (supposedly) make to complete strangers. My FICO is well over 900 and I only use my CC to buy random ebay auction items at the buy it now price right before the auction expires. Also I hope this post translates to some sort of hit based compensation for the owner of this site. My current limit is 1,000,000 pesos on my Mexican-American Express Gold Plated with bonus border miles.

No way no how this is possible. I don’t care if your an NFL football star making 4 million per year. There isn’t a 19 year old in this world with a 900 credit score, let alone well over 900. Considering 900 is the ceiling. Not only that but why would a 19 year old making 500,000 per year need credit?

Dude the guy is talking 900 peso credit score points… That could buy him a bag of potato chips on credit.

You’re an idiot…but that was funny!! LOL

I have a capital one with a $500 credit limit. I have had it for 2 years and keep a balance omit but pay it on time always. also have a chase freedom with 5k limit and do the same I’m my credit score is fair. I’m going to try option 2 and re apply for a new card from both what do you think my chances are and info will be appreciated, thanks.

I tried the second technique today. I had read it last year and came across it today when I had some time. I began rebuilding my credit with a Citi prepaid card several years ago with a $200 credit limit. Even though I switched over to a Citi Dividend card that started at $800 and then to $1,800, they would not grant me a credit limit increase today on that card. I started the process today by thawing my credit at each bureau. I called Chase and increased from $6,000 to $15,000; called Discover and was increase from $10,500 to $16,500; called American Express and was approved for a new BOE for $7,000 and finally decided to call Citi to see if I could open another card with a higher limit so that I could just forget about the low limit Citi card and leave in the back of my drawer. I was approved for a Citi Diamond Preferred Card with a $10,000 limit. I’m still shocked that Citi would give me another card with that high of a limit instead of just increasing the limit of the Citi Card I already have. Oh well, Thanks for your post. It works.

I am trying to rebuild my credit after divorcing. My past credit is not ideal, but my recent credit history is nothing but good. I have a stable job, Accounting field. I heard I could improve my credit score by increasing the limit on my existing credit card. Is this true?

Yes, It’s true. Higher limit, better score.

higher limit is good as long as you don’t increase the percentage of your limit you use. that’s called credit utilization %. if you keep your spending the same, the amount of credit you use will be a lower percentage. that’s good for credit score.

I would like to increase my credit limit on my cc. I recently made a large purchase on a card with a 7k limit. My plan is to pay it right off, within 15 days, hoping to show the cc company that I am worthy of an increase and able to pay it right off. I had the cash to make this purchase, however, thought this was a good opportunity to boost my credit. Did I make a good decision? I have excellent credit, over 800.

What is the procedure for re-allocating credit from one card to the other? I’m having trouble understanding how to do this.

I’ve tried both methods and they do indeed work.
thanks for the article

Ugh, I feel like I am terrible at asking for credit line increases. I have had most of my credit cards since I was in college (obviously approved for relatively low limits) and one that I opened a few years ago after I got my first “real” job. Since the time of that last card/first job, I have received some moderate line increases without asking, and more than doubled my salary to a quite healthy level. After having a discussion with some friends about finances, and learning that friends of mine in the same situation (good income, good credit, low debt) had limits nearly 20x mine on a single card (where I would have a limit of $2K, they’d have a limit of $30K, for example), I decided to try out asking for an increase. Well, when asked what limit I wanted, the best I could muster was $5K, which, for the card in question, from a major issuer, was nearly 3x my previous limit. Of course I was instantly approved, not only do I have good credit and a good income, but I have been a customer for several years with NEVER a late payment and rarely even carrying a balance. But I just don’t know how much to ask for. I have 4 cards, with total lines of about $10K, and make just over $100K/year gross. I am somewhat young, but have owned my own home for a handful of years and even have an investment property that turns a healthy profit (~$4K/year net everything, over $15K gross). I’m about 22% debt-to-gross-income, mortgages and student loans (no other debt except the random $50 or so that actually appears on a CC statement before I pay it off). Thoughts?

Sounds like you don’t need more credit. Why do you want your credit lines increased?

I’d like to ask for a credit limit increase on my Chase Amazon Visa. How much do you think I could successfully ask for?

I currently have a $3,800 limit on it with a credit score of 736. I was thinking of asking for either $9,000 or $12,000 but I have no idea if this is shooting for the moon or for the starts. I’ve never had a late payment in my life, and use my card regularly every month. I’ve also had the card since 2007. My credit score was recently between 780 and 812 but lowered after purchasing a car back in July.

Any advice would be infinitely appreciated!

If you haven’t requested one already… I am in almost the same situation as you… I was able to get approved from $3800 to $5200.

My credit card company bases increases on income… if you make x a year, your limit can only be x. But I can’t seem to find the numbers anywhere online.

how long after having my first card should i ask for a credit increase and or apply for the other card?

I recently asked for a CL increase earlier this month from $500 to $1000 and it was approved within a few days. I want to have a CL for at least $3k-$5k. How long should I wait to ask for an increase? I always make payments on time!

OK, I don’t get what is meant by “transferring a credit limit”. I have a $4,500 card that is paid off in full, what do I do… apply for another card instead of trying to get the 4500 one increased?

Credit Card from Your Current is $4500. Apply for a different card from Your Current Credit Card Company. Once approve for xxx amount. Have that xxx amount transfer to Your Current Card that ha $4500. Get it?

I have an excellent credit score, over 740. I have a Chase Sapphire Preferred with a $5,000 limit. I also have an AMEX platinum that I put most of my charges on (avg $3,500 per month), but have had months around $7,000 and $14,000. As I prepare myself to get a home loan next year, what is a realistic, yet stretch number to ask to increase my credit limit to on the Chase card? Is 50K out of the question?

Yes, 50k is too much. If you want to be approved, 3x is a safe bet, so in your position I would ask for 15k.

Hi There, I applied for a card with an introductory 0% APR, and only got approved for $1000, what a joke. My credit score is in the 800s and I make about 60k a year with little debt. If I try number 2, Do you think I will be able to transfer credit from another card with different terms? I want to get a higher credit limit on the 0% APR card.

$1000 limit? If you think thats bad well imagine having my crappy credit limit which is $500. I request a credit limit increase once every billing cycle and always get rejected. I pay my bill in full every month and still no increase.

Getting credit limit increases is very hard these days. I have 760 FICO scores and make well over $130,000 a year. The issue is creditors do not want to take a big risk on one person. It’s a risk strategy, giving one person $50,000 limit or 50 individuals $1,000 limit.

This will reduce their exposure to risk. So this of you who have the 500 and 1000 limits, your card category (not your credit rating) is possibly at play. Capital one has cards that issue $500-$1500 limit cards and nothing more. So if you start at $500 and build up to $1500, you have capped that card out. You can request increases till you turn blue in the face. This is a fact as I have one of the first cards I got for $1,500 limit was never increased even though I asked twice a year, every year. I decided to just apply for a new card and immediately got approved for $7500.

I can tell you that if you have cards that do not approve your increase (without cause) then just apply for a new card and let your new credit/income status dictate the card and the limit you receive.

AMEX closed a 13 year old account that NEVER had a late payment on. A 10,000 credit limit shut down after the billing cycle. The only despise was “due to economic times we are selecting some accounts to close” they approved a new Platinum card three days later. Simply stupid.

I wouldn’t even worry about it Lisa. Cards can get you in trouble. I used to only have a $7500 limit on both of my cards and I would only put enough on that I could afford to pay off at the end of the month. My bank asked ME if I wanted to increase my limit on both cards, so I agreed. I was thinking, “Why not? If I ever need it, I’ll have it for emergencies.” So, my limit was increased to $30k and $20k. Long story short, I was very careful with cards, but “life happened” and I used them. Now, I’m stuggling to pay off $50,000 in credit cards with a $1000 min payment each month on a $46k salary. Had I not had the limit, I would have found more creative ways to pay for “life”. Now, at 7.9% and 8.9% I am paying about $350 in interest alone.

I tried to increase my credit card limit but was declined and was suggested to apply for another card straight away. That I did but it was declined too. Now it’s been two months so what shall I do? Suggestions warmly welcomed thanks heaps

Close your accounts and change the bank.

How long after getting your first card is this reccomended for? I’m 18 and I would like a card with a $2,000 limit once I get my first card and get myself established.

Great second advise! I don’t have good credit and have a capital one card with a only $300 limit but after applying for another after reading this was approved for another card with a $500 limit. Just trying to build credit score up! Thanks for the help!

I currently have amex blue cash, and my cs is 785. my cl is 30k. I always pay everything in full each month. i have been thinking about raise my cl to like 50k – 60k, beside the tax form, what else amex may ask me since it is more than 30k. do you think by increase cl, i can reach 800 soon?

getting a credit score of 800 or more leans on more than just your credit ratio. Sure, having a huge limit and using very little of it can help. Most people recommend under 30%. However that is only a portion of what you need to get over 800. Credit length is important. But also having a variety of credit is important. Without a car loan and mortgage it is difficult to get over 800. At 785. One of the biggest credit mistakes people make is paying off there car, sure this saves you a little coin, but hurts your credit score which can cost you more in the long run.

if I do the second one will they have to run my credit again and will it affect my credit score?

they will run your credit. each credit inquiry affects your score by about five points.

Ask them if they will be doing a Hard or Soft Inquiry. Soft inquiries do not affect or even show up on your report. Hard inquiries do affect your report depending on how many show up but go away after a certain amount of months, 6-12 or so, I’m not sure.

I am curious about transferring credit-lines, I am new to the credit game so forgive me if I am still a bit confused.

I am currently rebuilding. I have 2 cards with capital one. I would like to have a higher credit line. When transferring a credit line, does it require a credit report to generate? How long should I wait before I ask for a credit limit increase?

Don’t be afraid to call your card company and ask questions. Some cards do what is referred to as a hard inquiry when you ask for a credit limit increase, but a lot do not. Always ask before you submit a request, too many hard inquiries will make you look credit hungry and hurt your score. If the card doesn’t do a hard inquiry then feel free to ask for an increase monthly, but if they do then just keep your usage low and they should increase it automatically bi-annually.

Hello, I am 26 years old and make 6 figures a year. I have made well over $75k since I was 24.

When I was 18 I began to get store credit cards and was ill advised on how to properly manage my credit cards which led to collections. I was then offered a $250 credit limit with a bank and then got laid off (I was 19) and that led to collections as well but I immediately paid off that balance with them. Since then, I have cleaned it all up and have a better (still not great, but my report says better than 60% of the country) credit limit. Capital One gave me a $500 credit limit. I have never been late on a payment and pay every statement either half of the balance or in full.

How can I go about continuing to raise my credit limit and overall credit score? Other credit cards continue to deny me and I am unsure why after 6 years of maintaining great credit, I continue to get denied and no credit increases. Can you help me with this?

Depending on what you claim your profession is (what actually shows up on your credit report) computers compare your income to the average in the field. Also, taken into consideration your assets that are reportable.

If you are claiming a high income and have more than the average amount of credit cards, this will lower you score and represent a high debt to income ratio, depending on how many cards you have.

Also, a person with a high income usually owns Real Estate. A Mortgage with good payment history will definately increase your credit score and your credit limit because there is an asset that the credit card companies can easily go after should you decide to default on your payments.

If you have Credit Cards and no Car Note, that can also lower your score. Based upon how low and high your payments are, lenders (and computers) are able to tell how low and high your other interest rates are.


You indicated that you keep applying for credit. INQUIRIES are the biggest thing that will lower your score. If you are using those online services that give you a variety of sources, there is a possiblity that ALL of the sources are pulling their own reports.

Be very cautious regarding the inquires.

Hello, I recently moved from the UK to Canada. I have a well paid job, have zero debt and I applied and received a Capital One mastercard with a $500 limit January 2012. I have used it regularly by buying and immediately paying off the full amount (rather than the minimum payments) I currently have $300 left on the card and I am thinking of requesting an increase in my limit. What are the best ways? Should I apply for another credit card like Kate has commented?

I requested an increase on my Capital One card from $700 to $2000 because I wanted to purchase a camera online and wanted protection. I have amazing credit and income but this is the only credit card I have. I was denied so I spoke with a credit specialist and they recommended I apply for more credit cards, run them up to 20% and make minimum payments for 6 months then pay off the balance. I applied for 3 new credit cards in the same day; Chase Visa, American Express and Bank of America MasterCard. I was approved for all 3 cards; Visa 3k limit, American Express unstated limit, and MasterCard 3500 limit. A few weeks later Capital One sent me a letter that my credit limit had automatically been raised to $2,500. The correct management of these cards over the last 6 months has also increased my credit score by 42 points.

Credit building turns out to be the exact opposite of what I expected, the more credit you get and use, the more lendable you will be and the more credit you are likely to get when you request an increase.


Congrats! Something to keep in mind though is that carry a balance won’t help, because your balance is reported to the credit bureaus on a given day each month (usually the day your statement closes). So whether you pay those charges in full or over time doesn’t matter. What counts is that you are using the card regularly, so a balance will be reported each month (even though you pay the charges in full when they come due).

I would like to try number 2, however I go not want this go show up as a hard inquiry. Do you think it will?


I’m just wondering if #2 can affect your credit though.. Isn’t it basically getting an inquiry and then opening a new account and then closing it right away? That affects credit history right?

Sorry I’m kinda new and looking to find ways to increase my limits with USAA. Currently I have two cards one at 10k and another at 7.5k and they wont budge at the moment.


You don’t have to re-allocate all of it. For example, if you were approved for a new card with $10k, you could re-allocate $8k to your old account while still keeping the new account open with a $2k limit.

Tried both methods…. And number 2 worked beautifully. Got 7500.00 limit right away. Thanks for the great advice

Hey I had my 1st credit card for only 3 years but i neva missed a payment. I want a higher credit limit, do u have any tips?

I didn’t even bother trying your 1st strategy with an existing card, since I was denied a CL increase earlier this year. However, I tried strategy #2 and was approved for a CC with a CL that is more than double than my other CC. Thanks for the tip!

Do credit card companies still do automatic credit limit increases? Because I used to get those all the time but haven’t during the past 3-4 years.

I tried your second technique and was able to go from a $7,200 limit to $16,500 total using your advice. Thanks man!!!