How do I increase my credit limit?

Increasing your credit limit is an easy way to improve your credit score – if you do it right. You can request a credit limit increase online or by calling your issuer. You can contact your issuer to request a credit line increase. It's also not unusual for issuers to increase credit limits automatically.

What if my credit limit was increased?

Thus, if you have a $5,000 limit, this means carrying a $1,500 balance or less. If your credit limit was increased to $10,000, that same utilization rate rate would mean you could comfortably carry a $3,000 balance instead. There are two ways to approach a credit increase: an online request or a phone call to your card issuer.

Can I increase my credit limit if my credit score is good?

Ultimately, the exact reasoning behind your credit limit is up to the individual credit card company. However, if your credit score is in good shape and you've demonstrated a history of responsible borrowing, you're likely to receive a larger limit. If you want to increase your credit limit, usually all you have to do is ask.