Ways To Increase The Limit Of Your Credit Card

Credit card is a smart financing tool which lets you purchase things slightly above your budget and can even take you places. However, what you can do with your RBL credit card depends on its limit. Nevertheless, when used wisely a card of any limit can help you suffice your financial obligations.

Let’s check out some ways you can use to enhance the limit of your credit card.

It is important to note that in order to get a credit card of your choice maintain a good credit score of 750+ or more. As this is a measure of your creditworthiness and will help you acquire finance easily in the future. In addition, you can -

• Apply for a card offering higher limit.
• Clear off any outstanding on your credit card as this will impact positively on your credit score and thus improve your chances of either  credit card processing  with higher limit or the existing limit enhanced.
  
• Request for limit enhancement on your existing card. If you have been regularly paying it off while having some free credit your lender might approve your request.
  
• Showcase your increased income to the lender. For instance, you can take up a high paying job and request for credit limit enhancement from the lender.
  
• Use the credit card to travel. Usually, lenders encourage overseas travel with an enhanced limit and hence you may get the additional limit you require.
• Maintain not more than a single credit card with preferable credit limit to increase your chances of getting a limit enhancement.