How Do I Get a Higher Limit on My Credit Card?

“As a new credit card holder, you may start off with a smaller limit. Good news: your credit limit does not have to remain permanent. Understanding the factors that go into your credit limit can help you know when it’s time to ask for an increase.”

Getting a higher credit limit on your credit card can be helpful or harmful, depending on how financially stable you are. If you can pay your credit card bill in full and on time every month, increasing your credit limit can give you more flexibility and help your credit scores by lowering your credit utilization ratio. But if overspending is a problem for you, it could be worsened by a higher credit limit.

Here are four ways to increase your limit, plus tips on how to know whether a credit limit increase is right for you…

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