They say hard work is its own reward, but sometimes it feels like we deserve a little something more, right? If you’ve been using a credit card responsibly, you might be wondering about a credit limit increase (sometimes called a credit line increase). While there are no guarantees, there are some steps you can take—or keep taking—to help your chances of qualifying for a higher limit.
Keep your info up to date
It’s important to make sure that all your personal info is accurate and current. Federal regulations generally require that credit card companies use up-to-date income information when considering an account for a credit limit increase. Check yours at least once a year to make sure it’s accurate. If you’re a Capital One customer, you can update your income information here.
Always pay on time
Being late to things probably isn’t your style, but it’s worth remembering how important it is to make credit card payments on time each month. It’s one of the simplest ways to strengthen your credit history.
Pay more than the minimum
Even if you don’t pay your full credit card balance, always make more than the minimum payment listed on your monthly statement whenever you can. It’s a good rule of thumb no matter what, but especially important if you’ll be requesting a credit line increase.
Watch your credit score and credit report
When you’re requesting a credit limit increase, it’s important to know what numbers credit card companies are seeing. Check your credit score and credit report each year with a tool like CreditWise. If you do see a mistake on your report, contact the credit reporting agency right away so they can resolve any errors and help make sure your score isn’t negatively affected.
Want more details and answers to some common questions about credit limit increases? You can find them in our credit limit increase FAQ.