There are many people right now who would like to have a higher credit card limit.
The obvious reason for this, is that a higher credit card limit enables the purchase of otherwise unaffordable merchandise and services.
First and foremost, if you want to successfully increase your credit card limit, you need to remember that to get a higher credit card limit, you must abide by the terms and conditions of the Credit Card Company or bank.
Below are 7 other ways you can get a higher credit card limit.
The most important thing to do for getting a higher credit card limit is to prove your credit worthiness. This is the first thing that banks and credit cards companies look for when giving a higher credit limit.
• Attract positive attention from the Credit Card Company or bank by paying finance charges once in a while. Obviously, this is not advisable on a repeating basis and should only be used as a last resort to increase your chances of getting a higher credit limit.
Proving to credit card companies and banks that you are good "borrower" can be a convincing way to get a higher credit limit. But be careful because this strategy also means that you will be paying finance charges, which can accumulate in a hurry.
And always remember, a higher credit card limit means greater purchasing power, but it also increases the risk of your having to pay greater interest charges and other processing and late fees.
• Always spend within your credit card limit because doing so means that you are capable of controlling your expenses.
• Use your credit cards regularly. Don’t keep your cards for emergency use only. If you use your credit cards sparingly, banks and credit card companies will be unable to understand your spending and payback behaviour.
Under these circumstances, most banks and credit card companies will be reluctant to give you a higher credit card limit.
• Never make minimum payments. Instead, try to pay for the entire outstanding amount. This will usually give you a better chance of getting a higher credit card limit.
• Avoid late payments as much as possible. Not only will your increase payment increase, but you may also have to pay an additional fine for not clearing bills on time. This will also dim your chances of getting a higher credit card limit.
• The best and simplest strategy for getting a higher credit card limit is to use your credit card wisely. Always keep in mind that credit card companies keep a record of your transactions and payment patterns, so always pay on time.
The bottom line is that your performance in the records of banks and credit card companies will determine whether you’ll get a higher credit card limit or not.
About The Author
Carmin Oliver owns http://www.findyourcreditcards.com . He offers free, high quality resources and guides on credit cards. He also offers tools for finding a wide range of financial services including secured and unsecured cards, student and business cards, from the most reputable companies in the industry. Visit Carmin's site today: http://www.findyourcreditcards.com/
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