How to Obtain An Instant Credit Limit Increase


Need more credit? Maybe you have a special project you need to finance, or a dream vacation you want to take now and pay for later. If you have an instant charge card with a pauper?s limit and an excellent balance record, you can easily have it increased. Then again, if your charge card was recently obtained an instant credit limit increase may not be as accessible, but it is possible within a few months.

Most credit issuers have automatic credit limit increases for consumers that follow certain conditions for the first few months after receiving their charge card. There are 3 basic steps you can follow to increase your credit limit for charge cards that were obtained recently:
1. Pay your bill on time for the first few months.
2. Do not go over your credit limit.
3. Consistently pay off most of the balance for the first three months.

Completing the above conditions sends an instant message to a new creditor: ?I am a responsible card holder with excellent credit habits.? Within about three months of establishing positive patterns of credit maintenance most issuers will automatically increase your limit. For instance, Capital One has an automated system that tracks your payments and applies an instant credit limit increase once you successfully complete the three basic steps mentioned above. The increase may sometimes be minimal at first, but your chances of establishing credit lines with other issuers will be greater. Thereafter you can apply for more credit through other lenders to outwardly expand your credit line.

For charge cards with a decent established credit history, a credit limit increase is just a phone call away. If you have successfully maintained your charge card balance over time and need an increase in your credit, just call your issuer directly and request a review of your account along with an increase in your credit. If you have paid your bills on time and displayed responsible credit habits, then most banks will gladly approve a raise for your account limit.

Obtaining an instant credit limit increase on your charge card is a phenomenal way to expand your credit line and finance planned or unexpected expenses. Keep in mind that you should always practice positive credit habits, and debts should be paid in a timely manner. You should never acquire more than you can afford to pay back over time. If you can?t make substantial payments on your current balance, then an increase in credit will only hinder your financial future. If you follow all the steps discussed here you will be well on your way to improving and increasing your lines of credit.



About the author: Katina Blue is the owner of www.creditsider.com, a website devoted to assisting consumers with finding and applying for the best credit card to match their needs. She writes regularly on all areas of credit.

article keywords: instant credit limit increase , apply for credit card online,find a credit card,instant approval charge card

Disclaimer: The information presented and opinions expressed herein are those of the authors
and do not necessarily represent the views of Managed Links and/or its partners.

Not Found

The requested URL /cgi-bin/demomlserver.pl was not found on this server.