How to Increase a Credit Limit

One part of improving your credit score is credit availability. This essentially the amount of revolving debt you have outstanding divided by your total credit limit on those accounts. By increasing your credit limit you decrease your credit availability. It is also helpful to have substantial credit lines at your disposal if you invest in real estate or make large purchases.

Instructions

1

Call your credit card company and just ask for a higher limit. Often times they will just give it to you if you have a good record of paying on time.

2

If they refuse, ask what it will take to increase it. Try to strike up a deal. For instance, if you pay on time 3 months in a row, they can increase your limit.

3

Make your payments on time on all accounts. This helps bolster your case for being creditworthy.

4

Call your credit card company and just ask for a higher limit. Often times they will just give it to you if you have a good record of paying on time.