When should i ask to increase my credit limit?
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I'm 30 and just got my credit score up to the mid 70's after 8 years of hard work. (college credit cards destroyed my history) I only have college loans showing on my report of 23k which are in good standing for 3 years now. I've applied for a cap1 card and am waiting to get approval to improve upon it by paying the bill every month. Do any of you use capital one? If they approve me for the platinum, afer how many months of being a "good credit card user" can i apply for a higher limit?
When should i ask to increase my credit limit?I would wait 6-12 months, then ask for subsequent increases annually. If you do too quickly, it may appear to them that you want to push the limit very soon and may red flag you as a potential risk.
When should i ask to increase my credit limit?now
When should i ask to increase my credit limit?6 months is usual
When should i ask to increase my credit limit?I'm assuming you mean your credit score is in the mid 700's (right??). Well over the 8 years I've had my capital one card I've used it maybe a dozen times and only had one credit increase and they dropped the inital annual charge. Wait a year and if your credit is still good and you are paying your bill on time then ask them.
When should i ask to increase my credit limit?In general, you can probably ask them to review your credit limit once per year without causing any problem. However, if you've already had problems with credit card debt, I would leave the limits alone to increase the odds that you will always be able to pay the bill off in full.
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