Increase limit on current card or apply for a new one?

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Adam715
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Increase limit on current card or apply for a new one?

Postby Adam715 » Thu Jun 24, 2010 11:20 pm

I am going to be 22 next month and I have had a Visa Card from my Bank since the day I turned 18 years old. The current problem with this card is the limit is only $500. I would like to be able to spend more and not worry about using 50% of the available balance.

Would it be wise to keep this as my one and only credit card and just apply for an increase or should I apply for a new credit card altogether?

I have never checked my credit score, but I could not see it being poor. I have never missed a payment and have always payed more than the minimum. I did max it out once, but that about a year after I got it and have never gone more than 50% of my balance since.

I appreciate any input I can receive. Thanks for the help!


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alsteig
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Postby alsteig » Sun Jun 27, 2010 1:15 am

Get a credit line increase and get another credit card. Preferably from a different bank and different merchant. so if you have Visa get a MasterCard or Amex. A trick to get a credit increase is to do it online on your credit account for 500 I would ask for 1200, it will say please call 1800 XXXXXXXX don't call wait a few days and it will be on there. Let us know what happens and what you decide to do.

Adam715
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Location: florida

Postby Adam715 » Sun Jun 27, 2010 11:07 am

What credit card would you recommend for my credit history?

Adam715
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Joined: Thu Jun 24, 2010 11:15 pm
Location: florida

Postby Adam715 » Wed Jul 28, 2010 8:34 pm

How are Discover cards? Should I get a Discover card or Mastercard? I doubt I would quality for an AMEX with my somewhat limited credit history.



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