Even something as minor
as requesting a credit limit increase can result in a ding.
Not exact matches
If your
credit card
limit is still not
as large
as you'd like — even after automatic
increases — then consider
requesting a higher
limit, especially when one or more of these conditions apply:
First Premier MasterCard also offers to refund your
credit limit increase fee
as long
as you
request the refund within 30 days of the
increase.
If your
credit card
limit is still not
as large
as you'd like — even after automatic
increases — then consider
requesting a higher
limit, especially when one or more of these conditions apply:
With some online
credit card portals,
requesting a
credit limit increase is
as easy
as just clicking a button.
The denial of a
credit limit increase request or,
as you experienced, a rejected purchase due to the
credit limit being too low.
While a
request for an
increased limit may count
as an inquiry just like opening a new card would, it won't reduce the average age of your
credit accounts, which is also important for your FICO score.
Instead, use this card to build your
credit by
requesting a
credit limit increase every six months and keeping your
credit usage
as low
as possible.
Issuers like Capital One ® make
requesting credit limit increases easy with a simple questionnaire in the online portal that can be filled out
as often
as you'd like.