Credit Card Limit

[killerfanatics]

I just finished paying off my credit card ($500.00 limit) and I'd like to somehow get it increased by LDW. Anyone know how to go about it?

[nyc2vegas]

keep using it and pay off the balance in full every month, then call them up a couple weeks before you go and ask them to up it....but right now times are tough and lending institutions are very skeptical to do this, so dont bank (no pun intended) on it for the vaca. its basically a trust issue

[dnix]

+1 I'd make all my purchases on it, and pay it off every month. If your disciplined enough to do that. If you have good credit, and they see it's no big deal for you to write a $500 check every month, you have a chance.

[KC2Vegas]

but right now times are tough and lending institutions are very skeptical to do this,


yes they are i was hoping to do all my spending with my cc for the vegas trip but now they have raised my intrest rate i dont think im gonna use it now

[killerfanatics]

Yeah, That's what I figured. We'll see what happens.

[IndianDude]

Just make sure you pay off your balances every month in full, and in no time they'll automatically increase your balance.

You can also call them up and see if they'll do it.

[nassau]

In God we trust, all others pay cash!

[rock28]

Apply for another card a month before you go. They will see your history with the other card and as long as you have no balance they will approve you, probably for more. You can also try to take advantage of any 0% offers they have going on.

[IRockNvegas]

honestly,

dont be honest, call your cc company and they will ask how much you make per year. tell 250k. your a teacher right? wrong your a school district superintendant. ok? before you know it your will have 6 figures in credit. but beware that shit is dangerous. then again credit is tight these days so you may have to get more creative. a 500 dollar limit can be a blessing. then again that wont even cover bottle service

[KC2Vegas]

one time i called my cc company to cancel it because they wouldnt give me more credit and they bump it up a couple grand. But now and days they would probably say ok its cancelled

[tschwicht]

Dude just be honest about it. If you've been good with the CC just call and say you have been a good customer, and you're going on vacation. Maybe even say you're looking to raise your limit in case of emergency.

Bottom line is the only way to get it is to call and ask. If they say no, look online for good deals and apply for another card. Don't apply for a million cards all at once though. If that fails, start saving.

[blibblab]

honestly,

dont be honest, call your cc company and they will ask how much you make per year. tell 250k. your a teacher right? wrong your a school district superintendant. ok? before you know it your will have 6 figures in credit. but beware that shit is dangerous. then again credit is tight these days so you may have to get more creative. a 500 dollar limit can be a blessing. then again that wont even cover bottle service

Hrm... Hrm... Uh... No, I can't endorse that advice. Be honest with them - about your job, situation, reasons that have shown you can handle an increase in credit allowance, etc. Bending the truth will get you in hot water down the line as credit companies have been doing more background digging on their users to get a better feel of who's an at-risk candidate and who's a solid customer [here's a really good article from the NYTimes a couple months ago on what the companies are doing: article]. Credit's tighter and will only get tighter when the other shoe drops on some of the personal debt out there that's ready to crush some people's households [and thus hurt the economy even more].

As for bumping up credit allowance, go for a couple thousand. Not saying anything about killerfanatics, but that's a huge leap and - like you said IRock - can put someone in the hole really bad... and the plastic's REALLY easy to use.

[IRockNvegas]

Hrm... Hrm... Uh... No, I can't endorse that advice. Be honest with them - about your job, situation, reasons that have shown you can handle an increase in credit allowance, etc. Bending the truth will get you in hot water down the line as credit companies have been doing more background digging on their users to get a better feel of who's an at-risk candidate and who's a solid customer [here's a really good article from the NYTimes a couple months ago on what the companies are doing: article]. Credit's tighter and will only get tighter when the other shoe drops on some of the personal debt out there that's ready to crush some people's households [and thus hurt the economy even more].

As for bumping up credit allowance, go for a couple thousand. Not saying anything about killerfanatics, but that's a huge leap and - like you said IRock - can put someone in the hole really bad... and the plastic's REALLY easy to use.

blah blah blah blah blah, you really think being honest with banks makes a difference? banks are all about greed and the trillion in bailouts have proven it, worse has yet to come. funny how they are enforcing tighter lending standards when 2years ago anybody with a pulse got a credit card, and a home loan on stated income. please dont be naive.

wait i need to change the blah blah blah's to bliblab bliblab babble bliblab

[nyc2vegas]

yeah you should always be honest with banks, i mean theyre ALWAYS honest with the public and their shareholders right? F them theyre the ones F....ing everyone they can, and the NY times, theyre a qualified bunch of douches that hold no credibility whatsoever..........Killer I say just start saving like a madman and follow the advice of Nassau and pay with cold hard cash

[killerfanatics]

Killer I say just start saving like a madman and follow the advice of Nassau and pay with cold hard cash

I'm on it Boss!!!