How often can I ask my credit card company to increase Credit limit?

So that they increase my credit limit a little bit everytime. Ge Money bank for Sams club , Lowes credit card etc.Hsbc for Bestbuy credit card Asked by UrDaddy 53 months ago Similar questions: credit card company increase Credit limit Business > Financial Services.

Similar questions: credit card company increase Credit limit.

Once every 6 months is a good rule There are a couple of reasons for this. The first, is that every time you request a credit limit increase, they are going to pull your credit score. This will act as a hit, which lowers your overall score as it appears as an inquiry towards adding more potential debt.

Secondly, most credit or store card issues are going to look at your payment and usage history with them as they consider your credit limit. If they see you consistently getting near your limit, but then paying it off each month, their thought process can run along the lines of "Joey will spend $900 of his $1000 limit now...perhaps he'll spend $1400 of a $1500 limit each month if we raise it". 6 months of good usage and payments can be used as an indicator of continued good faith.

I have a credit card that I've had since 1994 or so. I have never requested a limit increase, but I use it a lot and pay it off. As such, my limit is ridiculously high.

I like knowing I have a large source of funds for that true emergency...or that I can buy a car in a pinch :) .

You can ask as much as you want... Whether they do it or not is another thing altogether. It has been my experience that you have to have at least a little bit of history with them before they will increase your limit. Oftentimes they will do this on their own, with no action needed on your part, but these days, I know that many companies extend further credit not based solely on your history with THEM, but on your overall credit report and credit score.So if you're trying to rehab your credit, and do so by trying to raise your limits, that is probably not a particularly promising strategy.

I'm not sure if this is what you are asking, but I don't think there is a good chance that they are going to raise the limit every month or every other month. Sources: my experience .

2 You can ask as often as you want, but they aren't likely to give it to you unless your credit score has increased. Source: creditcardassociate.com/best-buy.html .

You can ask as often as you want, but they aren't likely to give it to you unless your credit score has increased. Source: creditcardassociate.com/best-buy.html.

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