Time to ask for a limit raise?

[archcommus]

I got my first credit card about a year ago with a measly $300 limit. In August they bumped it to $500. Is it safely time to call and ask for at least $1000? Or should I wait and/or not ask at all?

 

[Albis]

does it hurt to ask?

i got my first credit card in college when i was a freshman and my limit was like 2,000 and after a few years, it's up to 11,000 now. i just randomly click the "increase my credit limit" option on my online account every few months

 

[Sluggo]

Yeah, just explain to them nicely that $500 worth of porn just isnt getting you off anymore.

$1000 may do it, $1500 would be better.

 

[TallBill]

Originally posted by: Albis
does it hurt to ask?

i got my first credit card in college when i was a freshman and my limit was like 2,000 and after a few years, it's up to 11,000 now. i just randomly click the "increase my credit limit" option on my online account every few months

Yeah, i'm working on the same principle. I keep a zero balance, but it cant hurt to keep increasing the limit. Usually the company just reviews your account history to determine whether or not to raise the limit.

 

[chambersc]

i'd call. a year is a lot in terms of credit. im assuming you've never been deliquent. do you have a job/good job?

 

[archcommus]

I always pay in full and I am currently employed (although I don't work much because I'm at college, but they wouldn't know that). I was just making sure six months from my last raise wasn't too soon to ask.

 

[archcommus]

Well, they gave me $800 at least!

 

[Jzero]

I've never asked to have the limit raised. They periodically do it anyway.

The only reason I would have asked for an increase is because I wanted to make a purchase that was larger than my current limit.

Those of you that just randomly ask for an increase for the heck of it...is there a reason you do it?

 

[Xyclone]

Originally posted by: archcommus
Well, they gave me $800 at least!

yay!

 

[Dulanic]

Originally posted by: Jzero
I've never asked to have the limit raised. They periodically do it anyway.

The only reason I would have asked for an increase is because I wanted to make a purchase that was larger than my current limit.

Those of you that just randomly ask for an increase for the heck of it...is there a reason you do it?

Yes, to keep my credit score up when I need a loan (car loan etc..). I had to put a decent chunck of change on my CC due to medical issues, and the lower my debt/limit ratio which raises my credit score.

 

[JDrake]

I guess that's good for now

 

[joelmold]

credit card companies want to see you using the credit they give you. so if you want to raise your limit quickly, just charge a lot to your card (maybe 50% of your current limit) then pay it off. with a limit of $500 this shouldn't bee too hard. if you only have one card you may want to consider applying for a second card, and increase your limit that way...

 

[archcommus]

Yeah I'm hoing to get another card by the summer, maybe a beginner's AMEX? What is it, the blue card or something?

 

[PurdueRy]

I was able to do an instant credit line increase online....4000 to 5500