if you want a increase your credit card limit It is essential to be organized with your financial life. To do this, we ask you to follow some tricks that we leave on the list so that you can achieve it without wasting time or money.
Count on a credit card in your wallet or purse, although it is useful, requires a lot of financial discipline to control the value of the monthly billing.
Well used credit cards are powerful, without a doubt, they are a shopping tool that adds associated benefits, such as accumulating miles, insurance, discounts, access to VIP rooms, among other services.
The credit card quota is the maximum value granted by the bank for credit purchases made with said card.. In this way, you can carry out financial operations in installments, paying the invoice on the expiration date chosen in the contract.
But, it is not usually easy to request that the bank increase the purchase limits and quotas of the credit card. Since once the order is made, it will be necessary to go through different filters so that the evaluation what the entity does turn out positive and notice that the change will be made at the end of the day.
Tricks to get a credit card limit increase with the bank
For the bank to evaluate and approve a credit card extension, it will have to meet some requirements:
- Have a good credit history: It is not only about being on time with payments, it is also very important to pay the total debt or pay more than the minimum payment each month. It is important not to neglect other credits that are held outside the bank because the bank will review your entire financial situation.
- Have the card for a long time and use it frequently: Banks usually carry out an analysis every month, reviewing how each client uses their plastic and the frequency with which they do so during their first line of credit. Well, one of the doubts that need to be confirmed by financial advisors is why they want an increase if the financing is hardly used.
- Know how to use the card: If you are always at the limit of use, the bank will consider that the use that is given to the credit is an extension of income, especially if you live paying the minimum. This shows mismanagement and always being at risk of indebtedness.
- Request the limit increase at the right time: This tip is easy, but many people forget it. You have to request a card quota increase at the “precise moment”. But what is that “moment”? The answer is even simpler: when you receive salary increases, bonuses, some bonus, or Extra money that is coming to you month by month.
Take advantage of those good times to request your limit increase because "money calls money". A well-known dictation, worth trying.
5. Update and check your rent annually: Do you know your verified monthly income registered by the bank? Your financial institution may have outdated information, with an income much lower than your current income.
So start by verifying this information and update your income by presenting one of the proofs of income accepted by your bank. It is recommended to do this annually or at least every year that your income increases.
If you get a limit increase with our cheats, don't forget to share this information with your friends and family. To discuss some interesting ideas about finance.