Using a credit card is a great way to make payments for various needs. With a credit card, someone can make payments easier (airplanes and online shopping), get reward points and big discounts. Then, what if the credit card limit is still mini, even less for monthly needs? Like it or not, you have to increase your credit card limit.
What can be done to increase credit card limits? Look carefully - 10 tips that can be applied the following.
Consider Time to Increase Limit
In general, the increase in time limit that can be received by the bank is one year. The bank will certainly see your loyalty as a customer. If you are diligent in using a credit card and orderly in making payments (on time and on the right amount), the bank will consider increasing credit card limits. What's more, if you have enough savings and deposits in the bank.
Therefore, customers need to continue to use the credit card to see whether it will rise or not after 1 year. Some banks have different policies, such as minimum spending in one year, administrative fees, bonuses or shopping discounts at merchants who have collaborated and so on.
Choose a Big Bank that Has a Credit Card Main Business
Choosing a large bank and having a clear structure is a very powerful tip to ensure optimal credit card accommodation. Indications that can explain the size of a bank are branch offices, ATM machines that are spread out, the number of customers, and operational areas on an international scale.
Use Optimal Credit Card Limit
The maximum credit card limit used will help customers to increase the limit. This is due to the profits obtained by the bank if the customer uses the maximum amount of the limt. Therefore, using a credit card with a minimum of more than 60% of the limit each month will give customers more opportunities to be able to increase the limit value. This is very logical because if the customer does not spend the credit card limit every month, then the increase in limit is considered not necessary.
Make sure you use a credit card in the right way, for example to get a discount when shopping monthly, making it easier to pay for electricity, telephone, internet, newspapers with auto debit.
Make Request Increase Limit by Phone
Request for limit increase can be made by telephone. If a customer makes the request, the bank will assess the seriousness of the customer's needs. Therefore, something like this can be used as an additional reference for the bank.
Pay Full Payment or Minimum Payment Bill
Full payment payment will explain the customer's ability to cover credit card needs. Even some large banks will automatically increase the credit card limit if customers make a full payment regularly and orderly.
Avoid Late Payments
Late payments will cause the bank to doubt the ability of a customer to make a payment. Therefore, if the customer wants the bank to increase credit card limit sustainably (continue), it is appropriate to avoid any form of negligence, including the late payment.
Using Alternative Other Credit Cards
Using a type of credit card will certainly be the same as increasing the limit. Therefore, by applying a new credit card with a previous credit card capital, it will keep the needs met with an increased limit value. If the first bank gives a limit in a nominal money, then the next bank tends to give a higher limit as a certain form of competition. Therefore, this method needs to be done as one of the steps that can be taken.
Make Shopping Routine
Shop regularly. Thus, the flow of purchases with credit cards that will be recorded can be done optimally. If the customer is active in a flow of purchases, this condition can be a reinforcement if the customer wants to increase the credit card limit value.
Request Increase Limit Through Sales
Of course credit card sales also need certain targets. Thus, proposing a limit increase through sales will benefit all parties, both customers and sales.
Make Request Increase Limit via Email
In general, e-mail will be longer than the telephone. However, email can be attached with some supporting evidence regarding payments and purchases made by customers. Therefore, the document will be one of the bank's considerations to increase the customer's limit value.
If the Bank Has Raised Your Credit Card Limit, then the Sign:
Congratulations if, your credit card limit has been raised by the bank. That's a sign that the bank gives more trust to you. Do not let you waste or disappoint bank trust. The track record of credit card payments, in a way, will help you in your next credit application.