The #1 Way To Increase Your Credit Limit FAST (5 Easy Steps)

Want to know how to INCREASE your credit limit in a BIG way? Follow the 5 easy steps in this video to make it happen and increase your credit score in the process! Click “Show More” to see Ad Disclosure.

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00:00 - Intro
00:47 - Step 1
1:39 - Step 2
4:07 - Step 3
5:18 - Step 4
6:33 - Step 5
7:00 - American Express Credit Limit Increase
9:11 - Chase Credit Limit Increase
10:17 - Citi Credit Limit Increase
11:36 - Capital One Credit Limit Increase
13:13 - Step 6 (Hard Pull vs. Soft Pull)
13:59 - Step 7 (Authorized Users)
14:31 - Step 8 (Apply for a New Credit Card)
15:05 - Why Ask for a Credit Limit Increase?
15:26 - Credit Score
15:47 - 2 Examples

Firstly, what exactly is a credit limit increase, and why should you care? Think of it as a vote of confidence from your credit card issuer, indicating that they trust you with a higher spending limit. This boost can offer numerous benefits, including increased purchasing power, improved credit utilization ratio, and enhanced credit score potential.

One of the primary advantages of obtaining a credit limit increase is the expanded financial freedom it provides. With a higher credit limit, you have more room to make larger purchases or handle unexpected expenses without maxing out your card. This can be particularly beneficial in emergencies or when dealing with time-sensitive opportunities.

Moreover, a credit limit increase can positively impact your credit score in several ways. Your credit utilization ratio – the amount of credit you're using compared to your total available credit – plays a significant role in determining your creditworthiness. By increasing your credit limit while maintaining or reducing your spending, you effectively lower your utilization ratio, which can boost your credit score over time.

Additionally, demonstrating responsible credit management by successfully securing a credit limit increase reflects positively on your credit report. It indicates to lenders that you're a reliable borrower capable of handling higher credit limits responsibly, potentially improving your eligibility for future credit opportunities.

So, how can you increase your chances of obtaining a credit limit increase? Follow the 5 main steps outlined in this video. I also included a few bonus steps in case you want alternative methods, as well as a couple examples of how credit limits – and your use of them – can affect your credit score.

Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, Biltrewards.com and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

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