- Centurion Member
- Posts: 1361
- Joined: Tue Jun 28, 2011 10:13 pm
- Location: New York state
It depends on how much you spend for that month, so looking at your last 3 months assuming you are purchasing items or going out to dinner lunch and your purchases are around 400.00 or more and you're paying your bill in full, they should raise your credit limit .
But if you are only using card for total purchases of around 200, this might not raise your limit.
The best method is to open a new Chase card and then transfer a chunk of the limit over to your other card. That way you may get a bonus and credit limits on new accounts seem to be higher than what is given during credit limit requests.
With my Discover card I don't remember what my credit limit use to be, but when me and my cousin went on a cruise a few years ago I charged over a thousand, paid my bill in full, and now I have a 5,500 limit.
You've only had this card about 3 months, Give it some time and continue to use it and pay in full, then around November see if you get a higher credit limit. If you don't let us know so we can try and figure this problem out. They may see that you are 2 aggressive for 3 months in a row always charging the minimum, this might be the reason you are stuck at 500.00.
What you might think about doing for the next 3 months, use the card 1 month spend around 500.00, the second month around 300.00, final month spend around 200.00, and see if there's some changes.
If after this your still only given a 500.00 limit, use your card 1 month and spend around 350.00. pay in full if there's no changes after this. Then I would call an account mgr explain the situation tell them you want a higher limit.