5 Ways To Instantly Increase Your Credit Card Limit

Ifyour a credit card holder today, you more than likely could use a credit card limit increase at some point. A lot of credit card holders aspire for a higher credit card limits and its often a mystery how an increase can be achieved.

It's important to remember that to get a higher credit card limit, you must abide by the terms and conditions of the credit card company or their lending bank.

Here are 5 ways to get a higher credit card limit:

1. Prove your credit worthiness
The most important thing to do for getting a higher credit card limit is to prove your credit worthiness. This is the first thing that banks and companies look for when giving a higher credit limit.

2. Attract positive attention from the credit card company
At least: try to attract positive attention by paying finance charges once in a while. Obviously, this is not advisable on a repeating basis and should only be used as a last resort to increase your chances of getting a higher credit limit.

Proving to credit card companies and banks that you are good "borrower" can be a convincing way to get a higher credit limit. But be careful because this strategy also means that you will be paying finance charges which can accumulate in a hurry and forsight is definitely needed.

3. Always spend within your credit card limit
Doing so means that you are capable of controlling your expenses and you are not practicing poor spending habits.

4. Use your credit cards regularly
Don’t keep your cards for emergency use only. If you use your credit cards sparingly, banks and credit card companies will be unable to understand your spending and pay-back behavior. Under these circumstances, most banks and credit card companies will be reluctant to give you a higher credit card limit.

5. Avoid late payments as much as possible
This technique will not only increase your payment increase, but you may also have to pay an additional fine for not clearing bills on time. This will also dim your chances of getting a higher credit card limit.

The bottom line is that your performance is recorded with each transaction and banks and credit card companies will determine whether you’ll get a higher credit card limit from that recorded performance as it is where they will look to determine if an increase will be granted.

Always use your credit with care and caution, be mindful of overlapping and/or regular fees such as memberships. If you use the tips described here, you are well on your way to establishing increases.