Credit Limit | Credit Card Topics

What to Do After a Credit Limit Decrease

By: Marcie Geffner, 4/13/2020

A credit limit increase comes with big benefits. It lets you spend more with your card and earn more points, cash back, travel, and other rewards. A credit limit increase also gives you more credit so you can make larger purchases with your card. It allows you to carry a higher balance if that's appropriate for you. It may boost your credit score and enable you to get better offers from lenders for other types of credit, such as a mortgage, car loan or personal loan. For some, a... read more »

How Credit Card Companies Determine Credit Limits

By: John Ulzheimer, 3/3/2020

When you apply to open a credit card, the card issuer will tell you how much you’re allowed to charge on the account at any given time upon being approved for the card. This maximum spending cap is known as your credit limit. But when you apply for that card, have you ever wondered what exactly the issuing bank does to determine your credit limit? First things first, having a higher credit limit may be helpful for several reasons. First, it gives you more buying power or... read more »

3 Ways to Get a Credit Card Limit Increase without Asking

By: Marcie Geffner, 10/16/2019

Lots of good things are free just for asking, and some good things may be free even without asking. One such example is an increase in your credit limit for one or more of your credit cards. The advantage of getting a credit limit increase (CLI) without asking is that if you request a CLI, the issuer likely will use a hard pull to review your credit scores. A hard pull can knock a few points off your score. If you're given an automatic CLI, or auto-CLI, there's a better chance your... read more »

12 Best Credit Cards with No Spending Limit (Personal & Business)

By: Brittney Mayer, 5/28/2019

Although the average American has credit card limits in the $20,000 range, single card limits tend to be lower, and that figure drops exponentially for consumers with low credit scores. The average subprime credit card offers a limit of around $500. Many personal credit card users can likely get by with a modest limit, but low spending limits may start to get in the way when it comes to large purchases like replacing your appliances or paying for a family vacation. Similarly, a... read more »

16 Best High-Limit Credit Cards for Excellent Credit

By: Brittney Mayer, 3/1/2019

Ah, the view from the top is lovely indeed. Excellent credit is an achievement that signals you have built a long and healthy credit history. As your reward, you get more lending options, lower interest rates, and, yes, higher credit limits. Indeed, it's fair to say that there are more high-limit credit cards for excellent credit than there are for all the other credit types combined. That's because a high credit score not only provides you with access to more high-limit cards, but... read more »

When To Request a Higher Credit Card Limit

By: Marcie Geffner, 2/22/2019

There are plenty of reasons to request a higher limit for one or more of your credit cards. With a higher limit, you might be able to: • Charge bigger purchases • Be better prepared for financial emergencies • Earn more card rewards • Boost your credit scores • Get lower rates/fees for a new mortgage or car loan Sure, those are all great perks of being able to access more credit but how do you know when to request a higher credit limit? Asking for a higher limit... read more »

13 Best High-Limit Credit Cards for Bad Credit in 2020

By: Brittney Mayer, 12/10/2018

The following article highlights some of our favorite high limit credit cards for bad credit, including cards with no annual fee, secured cards, unsecured cards, and business cards. The internet is full of information. While only a portion of that information is actually correct, you can typically get a decent idea of the facts by exploring a few different sites and picking out the kernels of truth between them. Take credit building. Although each blogger and expert seems to have... read more »

Flexible Spending Credit Cards: What They Are & Top 3 Cards

By: Brittney Mayer, 2/2/2018

Imagine having no limits. Without limits, you could eat all you wanted, play all you wanted, and buy all you wanted, never giving a thought to if it were "too much." Sadly, the real world has lots of limits. There is a finite limit on how much food a stomach can actually hold, for instance — regardless of how many large mammals one may contemplate devouring in the interminable hours between breakfast and lunch. But while your stomach lining may have limits, you can still... read more »

2020 Chase Slate: Credit Limit, Benefits & How to Pre-Qualify

By: Brittney Mayer, 11/29/2017

With a credit card lineup that includes over 20 different options, it's safe to say Chase likely has a credit card right for just about any situation. Looking for awesome travel rewards? Earn Ultimate Rewards points with your Chase Sapphire Preferred card. Want cash back? The Chase Freedom Flex℠ and Chase Freedom Unlimited cards give you two different cash back options. And if you need a solid balance transfer credit card with no costly fees, then the Chase Slate credit card is a... read more »

How to Increase Your Wells Fargo Credit Limit

By: Brittney Mayer, 11/22/2017

Whether you make a lot of large purchases for your home or business, or simply spend a lot on small things that seem to add up fast, your card's credit limit can make or break your ability to finance your purchases. With your trusty Wells Fargo credit card, however, you have several options for obtaining a higher credit limit. This includes requesting a higher limit by phone or online, as well as applying for a brand new Wells Fargo card, hopefully with a higher initial limit. Call... read more »

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