Quote:
Originally Posted by LilBro
depending on how long you have had your card, you can contact customer service and ask for an increased credit limit.....
i wouldnt keep a balance on store cards, they have the highest interest %
can you apply for a visa/mastercard/Amex/discovercard???
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Agreed. Store cards you want at completely zero if possible. Their rates, and little hidden fees are ridiculous most of the time.
But my advise is mainly for VISA/MC, etc.
Also, most credit card companies will give you a credit limit hike, or review, every 6 months. So if you do not get offered one every 6 months, feel free to call. Or you can get them sooner than 6 months, like what's happened for me around 3-4 months, etc.
Some automatically do it. Some you will have to call to get the annual fee waved, lower rates, higher limit, and so on. You have to play the game.
But.. be careful on this as well. If you are buying a house, and they start looking at your $5/10k limit cards, they see those as ways to bury yourself in debt if your credit's shaky. You can also refuse a credit limit increase if they jump you too high.