When my credit limit going to go up?

[Formerly Black Trash]

I'm stuck at $300 broke boy status
I've been making consistent payments

My usage was not great but I fixed that

Got a third card today to add more accounts because I don't have enough according to credit karmas impact breakdown

 

[jdubnyce]

I'm stuck at $300 broke boy status
I've been making consistent payments

My usage was not great but I fixed that

Got a third card today to add more accounts because I don't have enough

$300 limit? Cant even buy a ps5

Apply for a higher limit?

 

[eXodus]

I'm stuck at $300 broke boy status
I've been making consistent payments

My usage was not great but I fixed that

Got a third card today to add more accounts because I don't have enough

They didn’t specify why they decided to decline an increase after you asked for it?

(I’m assuming you applied for a higher limit)

 

[east]

if your rating's correct you can just ask for an increase. i get asked for my income every time but i've never been asked for proof.

 

[Formerly Black Trash]

$300 limit? Cant even buy a ps5

Apply for a higher limit?

I know its sad bruh

 

[Lord_nikon]

Keep maxing that card out and pay it off in full if you can, then apply for another card

 

[Absolut da poet ®]

Do yourself a favor.. save up some cash

Get a secured Discover card their max is $2500
I believe

So get as close to that max as you can or find another card with a higher max .. Use your tax refund if necessary

Deposit the cash with them.. make on time payments and after 6 mos they'll graduate you to a non secured card and send you the deposit back

This 2500 will now be your credit limit

Keep it in good standing pay it off every month and they will increase your limit

After a year apply for another card and the new card will likely give you a limit close to the one you already have as long as you go with a good bank like Chase or something none of these dumb ass banks like Credit One

If you get offers for those cheap banks rip them up


This is not my advice to you.. Just an opinion on a possible work around for someone in a similar situation

 

[NatiboyB]

I'm stuck at $300 broke boy status
I've been making consistent payments

My usage was not great but I fixed that

Got a third card today to add more accounts because I don't have enough according to credit karmas impact breakdown

call and ask

 

[BigMoneyGrip]

 

[BobbyBooshay]

Keep maxing that card out and pay it off in full if you can, then apply for another card

Nah, keep it low.

Want to have your credit utilisation low, usually less than 30% of all your avaliable credit. More attractive to lenders to see that your not so credit hungry. But yes always pay off in full, aint about giving them money.

The less credit you use the more you get given


Main things are:
Payment history, never miss a payment.

Account history, longer u have one open the better. I still have my 1st capital one card with only a limit of 1k.

Credit utilisation, like said use less than 30% of all avaliable credit.

Some good people on YouTube for info are Credit Shifu and also Graham Stephan

 

[NatiboyB]

Nah, keep it low.

Want to have your credit utilisation low, usually less than 30% of all your avaliable credit. More attractive to lenders to see that your not so credit hungry.

The less credit you use the more you get given


Main things are:
Payment history, never miss a payment.

Account history, longer u have one open the better. I still have my 1st capital one card with only a limit of 1k.

Credit utilisation, like said use less than 30% of all avaliable credit.

Some good people on YouTube for info are Credit Shifu and also Graham Stephan

only thing that matters is the balance on due date and reporting date....As long as it shows low utilization by than he should be straight...But its easier to just maintain a low balance and make payments on a small balance. Never know when a glitch may happen and your stuff reports before the balance date to the credit buarus

 

[BobbyBooshay]

only think that matters is the balance on due date and reporting date....As long as it shows low utilization by than he should be straight...But its easier to just maintain a low balance and make payments on a small balance. Never know when a glitch may happen and your stuff reports before the balance date to the credit buarus

Yeah, I used to do that method while back, but then sometimes the reporting date would change

Now have quite a fair bit of total available credit, so its easier to keep a low utilisation.

With only $300 if possible, I wouldnt even use it and just leave it in a drawer fully paid off. They will be in touch to increase it.

 

[kdslittlebro]

When you keep it paid off and don't worry about it

 

[Smashius Clay]

When you ask.

 

[BobbyBooshay]

call and ask

Yeah this too, see if they can manually do an application as opposed to an automated one