If I am not getting the credit limit I want, is it a good move to take out a secured credit card against my home? If so, then will my credit limit extend to over and above what they're offering me?
Are
you nuts? Why would you take out a secured credit card against your
home? Why would you pledge your home as a security? If you want to raise
your credit limit, then take steps to increase your credit score. Okay.
Give focus on that.
Don't
do that. manage your credit card responsibly. Don't cross the credit
limit. Make the credit card payments in full. If you have credit card
debts, then payoff them as early as possible.
It is
a bad idea. Try to increase your income, and pay your balances in full
every month before due date. Check your credit report for any negative
information and try to remove it as soon as possible.
You might have requested for a credit limit raise. If your request
isn’t approved this time, you'll receive an adverse action letter.
Take note of the reason(s) listed in the letter. Improve your credit in
those areas, wait a few months, and then try
again.
If
you've been a credit card for a long time, then you can request the
credit card company/bank to increase your credit limit. Often talking
face-to-face helps in such a situation.
Moreover, if your credit history is good, you can shop for other good
credit card offers. Research well and decide on a card that's most
suitable to you. if you get one, you can also let your present credit
card company know that you've got a better offer from other bank.
Sub: #1 posted on Thu, 08/30/2018 - 04:43
(Posts: 425 | Credits: )
Sub: #2 posted on Thu, 08/30/2018 - 05:40
(Posts: 1234 | Credits: )
You might have requested for a credit limit raise. If your request isn’t approved this time, you'll receive an adverse action letter. Take note of the reason(s) listed in the letter. Improve your credit in those areas, wait a few months, and then try again.
Sub: #3 posted on Thu, 08/30/2018 - 22:55
(Posts: 432 | Credits: )
Moreover, if your credit history is good, you can shop for other good credit card offers. Research well and decide on a card that's most suitable to you. if you get one, you can also let your present credit card company know that you've got a better offer from other bank.
Sub: #4 posted on Thu, 09/06/2018 - 00:43
(Posts: 295 | Credits: )