Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
Since you've been paying your bill off every month in full they should give you a credit limit if you ask. I would call them up and basically describe exactly what you wrote here. Remind them that you are are responsible and pay your bill off in full every month. But you need a higher limit to cover you monthly spending. Go ahead and throw out the fact that you don't want to use more than 30% of your credit limit every month.
They then should be able do one of two things. They can either check to see if your eligible for an automatic increase, or you can ask for an amount and they will submit your request which will either be approved or denied. I would do the first option and see if you're eligible for an automatic increase. That should get it up to a $1000 I would think, but in times like these you never know.
Even if that works I would look into getting a second credit card and building up the same kind of positive payment history on it. That way you can have another round of credit to add to your credit report. Plus sometimes in order to get a decent credit limit you just have to open a new card. When I was 19 I had to do the same thing. I had a card with a $500 limit. I asked for an increase and they only upped it to $700 despite me having a 18 months of perfect payment history and never a balance. I then applied for a card elsewhere and got a $2000 limit right off the bat.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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