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Upping My Credit Card Limit
19 Answers
I have been successfully building my credit score up for the six years since my husband died, and the fallout that came from it.
I have one credit card which I've kept in perfect order all this time, and I have heard that it's a good thing if the card company ups your credit limit, after a while. It shows they trust you.
I recently bought a new IPad on my card as my old one was becoming very slow and had to be always on charge.
My question is, do I pay the whole amount off by the due date? (I can afford to do this) or, should I pay, say, £200 this month and £200 next month?
Which payment schedule is more likely to make them offer me a rise in my credit limit?
Thanks.
I have one credit card which I've kept in perfect order all this time, and I have heard that it's a good thing if the card company ups your credit limit, after a while. It shows they trust you.
I recently bought a new IPad on my card as my old one was becoming very slow and had to be always on charge.
My question is, do I pay the whole amount off by the due date? (I can afford to do this) or, should I pay, say, £200 this month and £200 next month?
Which payment schedule is more likely to make them offer me a rise in my credit limit?
Thanks.
Answers
I used to have an MBNA credit card which I paid off fully each month...and every three months they automaticall y upped the limit - ridiculously high imo.
19:46 Wed 26th Jul 2017
Hi alba, nice to see you too.
I've always used it over the years to fill my car up and paid it all off every month. I know that it would be cheaper, i.e., no credit charges, but thought maybe if they would up the limit because they could see more profit for themselves, this way and therefore want to entice me into using it more. Fat chance!!!!
I've always used it over the years to fill my car up and paid it all off every month. I know that it would be cheaper, i.e., no credit charges, but thought maybe if they would up the limit because they could see more profit for themselves, this way and therefore want to entice me into using it more. Fat chance!!!!
chrissa1,
For sure the best thing to do, assuming you can afford it is to pay it off the balance completely each month. In the past I have found that if I spent close to my credit limit and paid off the whole amount each month the CC company automatically increased the credit limit. My main credit cards are not linked to my Bank account, so they have no idea of how much my nett income is each month. All they are interested in is if I settle my outstanding balance. I am not advertising, but my Credit Cards are with MBNA.
For sure the best thing to do, assuming you can afford it is to pay it off the balance completely each month. In the past I have found that if I spent close to my credit limit and paid off the whole amount each month the CC company automatically increased the credit limit. My main credit cards are not linked to my Bank account, so they have no idea of how much my nett income is each month. All they are interested in is if I settle my outstanding balance. I am not advertising, but my Credit Cards are with MBNA.
they don't just collect their money from people who incur charges, they get their profits by charging retailers as well. What they don't want is the hassle of chasing people who don't pay.
Personally I always pay every month, by direct debit (I once missed a postal payment in December because it got caught up in the Christmas rush). I've not had trouble on the couple of occasions I've asked for a higher limit.
Personally I always pay every month, by direct debit (I once missed a postal payment in December because it got caught up in the Christmas rush). I've not had trouble on the couple of occasions I've asked for a higher limit.