How to ask for a credit limit increase

A higher limit can lower your card use, if you do not spend more. Here is how to ask.

Why it can help

Your score looks at balances compared with limits. A higher limit with the same balance lowers that percentage.

Ask about the inquiry

Some issuers review increases with a soft inquiry, and some with a hard inquiry. Ask before you request, especially if you plan to apply for a mortgage or car loan soon.

Improve your odds

Update your income with the issuer, make on-time payments for several months, and keep balances reasonable before asking. Many issuers let you request online.

The catch

A higher limit only helps if you keep spending the same. If more room leads to more debt, it can hurt instead.