Monday, December 12, 2011

What determines how quicky your credit card available balance will go up?

I got my credit care for to main reasons, one i have to start establishing credit and 2 i need a new laptop. Right now my limit is 500, but my computer is a little over 1,000. When will my limit go up and how can i make it faster? Im with Citibank.|||Try to open another credit card with the same bank and once you're approved, transfer a credit line from one account into another.





You can also try to call to the bank and request the credit line increase reasoning that you need to make a large purchase.





I wouldn't advise you to make a purchase using all available credit though. It will decrease you credit score dramatically. You should use no more than 30% of your available credit. If you got your first card, apply for a few more, wait 3 to 6 months and request a credit line increase. You'll be amazed how fast your credit will grow!





But for now, having 500 limit credit card you should use no more than $150 credit per month.|||they will consider raising your score after 6months





but you will need to use a small portion of the card and pay on it each month; this is to show them that you are responsible in paying your bill on time





some creditors raise your limit after 6 mths of on time payments; others wait until after 1 yr...

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