Carolinahomerates.com
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most ppl LIE about their income on the credit card application.
if you say you work part time..and make 5,000 per year etc....you're not goin to get a high limit.
If you say you make 100,000 per year....(they dont verify this) then they will ask what do you do...how long you been there...and that's it. Then they will reconsider your limit.
Another thing they ask for is ANNUAL HOUSEHOLD INCOME.....this means how much does ALL of the HOUSEHOLD make TOGETHER. Most ppl state what everyone makes....and the credit analyst allows this to happen.
when i started making a lot of $$ i wanted to report it immediately to my credit card company. They only asked me what i did for a living...and how much i made..and that's it!
they SKYROCKETED my limits...due to good credit score...and the new income |
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Zero1
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If you want to learn how to increase your credit score (and limits) and know how to always be able to clean up your credit get back to me. |
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Megz
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Your credit will go up overtime. I am the same age and the card I just got started at a $500 limit. They raised it within the first month to $1000. So you can either wait a little or call and see if they can raise your limit by a little bit. |
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Ocean
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you just need to build more credit..u could always just get 10cards and use them all |
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slick09
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maybe you have to try and build up your credit a lil bit more everyone is different just like their are people with horrible credit who get a credit card with a very high credit limit and their might be someone with good credit and can't get a credit card |
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98765
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read Stephen Snyder's book "LIfe After Bankruptcy" - not only for bankrupt people, but good to establish any credit. |
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Mr. Knowitall
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Get the credit card and use it. Don't run up a bill over $500. After a few months they will raise your limit.
Years ago I had an emergency and tried to withdraw some money on my card. It was my first card and I had never run up a balance on it, I always paid it off at the end of the month. But this time it wouldn't work. I called the 800 number and asked what the problem was. The woman said my credit limit was $600 and I had reached it that month. I hadn't realized this, in fact I didn't know there was a credit limit! She said "Would you like me to raise your limit? I can do that." I said no thanks, I didn't really want credit anyway, just to use the card to pay for stuff.
Two days later I got a letter from the credit card company telling me my limit had been raised to $1500. This was like 10 years ago and since then it has been raised more times. But I've never run up a balance. |
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afwakko
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Call them...
If you have decent credit there should be no reason why they wouldn't up your credit limit. If you have poor credit they may not it all depends on how responsible you WERE. |
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mylesgirl4ever
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What I find happening is that you may only have a $500 limit, but when you use that credit card, pay off any charges to it on time and maybe $3-4 more than your minimum payment. Usually after a couple of months of doing that, your credit card company will raise your limit. Unfortunately, credit takes a long time to build, but is very fast to destroy, Good Luck! |
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Eshwar
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You've got nothing to do with this.Approving your credit limit is their right and it depends on the Credit score you have.The only thing you can do is once they approve $500 contact them and ask them to increase your credit limit.Even applying to a smaller credit company rather than a big one would help.Good Luck. |
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dijeet h
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Dude just ask and you'll get a much larger limit, |
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Cory Z
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Either take one of the $500 dollar cards and start using it and making payments on it then asking for credit increases over time or wait to get a preapproval offer in the mail.
When I turned 18 I started getting all these preapproved offers in the mail and I just saved them for a while. I ended up with a card with a 5K limit and 8.9% interest. my limit on the card now is over 10k |
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bodmodangel
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Call the company ask them why specifically.
Usually has something to do with your income/debt ratio. |
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Crunchy Sweet
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Every time you apply for a credit card you are actually lowering your credit score. Lay off the applications for a while and it will start to go back up. Take the one with the best interest rate and call to see if they will raise your limit.
Everything is based on Credit Score now and not just your credit rating. Do a google on how to improve your credit score and you'll get better offers. |
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zacklee3000
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It takes time for a credit limit to grow, I know. |
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jcontrols
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Credit history is based on many factors. Job history,credit history(bills paid on time)schooling,loans(paid off or not),right down to where you live! It's not always fair! :-(= |
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P.I. Staker
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Earn more money at a regular job. |
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Stefbear
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You can have too much credit. That determines as well how much credit you get at a time. Also why would you want more than 500 credit anyway? Do you not realzie how long it takes to pay off 500 dollars with the interest they tack on every month? In essence you are spending a thousand dollars instead of 500. And what happens if you would lose your job and can't pay your bills? It happens. Credit cards are good and usefull when used sparingly. |
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lee
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call the creditors and explain that you need a bigger amount to buy something more than $500 |
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Lacey L
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well u need to run your credit and see what your credit score is and what your deliquences are, have you been paying all your bills on time.? They look at that! Are you a low-risk, medium risk. Risk meaning can they risk giving you this credit amount. The higher your score is the lower you're a risk to them.
read what they summarize about your credit.
Also the more accounts you have whether you use them or not, whether you owe them something or not takes up credit space.
They really look at how you pay ur bills! |
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poppawick
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Usually credit card companies want to see how you handle your account. after a few months of good and steady payments, you will more than likely receive a higher amount on your card. You just may even get pre approved cards from other companies. Remember each time you apply for a credit card it shows up on your credit report. Too many requests for credit cards on your credit report.is NOT good. |
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Lloyd Braun
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It doesn't go by age, it goes by your credit history. Length of time you've had credit and whether or not you've not only paid on time but paid more than the minimum monthly payment would definitely be a deciding factor on your credit line. Also, it could depend on the card you apply for. Capital One, Orchard Bank and other "sub-prime" cards are designed for people with poor credit and usually offer only a small credit line which rarely increases over time, if at all. best thing to do is pull your credit report from Experian, TransUnion and Equifax, then look it over to make sure you have no baddies on them. If you do, dispute them and get them taken off. Hope this helps! |
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Gildardo F
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are you opening a lot of credit cards? if so, that might be part of the problem.
it is most ideal to have less cards. when creditors look at your credit history to see whether or not they want to give you credit, they don't want to see that you have accounts with every tom, dick and harry.
also, be sure to make timely payments on your accounts. and if you can pay them off completely, that's even better. |
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