1. Apply for a new card

the most straightforward approach is to apply for a new credit card that has a higher credit limit. by getting additional credit cards, your credit gets distributed over several cards, which helps you maintain a good credit score if you pay your bills in time.

2. Request an increase on an existing card

it’s convenient to have the limit increased on an existing card. your credit card issuer will check your credit history for your eligibility. while you do this, avoid applying for any other card or an increase on one, as it could affect your credit score.

3. Back your request with valid reasons

merely requesting an increase is not enough. put forth the reasons why you are eligible for the increase. for example, you pay your bills regularly, and in full every month, your income recently increased, your credit card utilization is low, and so on.

4. Be polite

whether you are on the phone or you send an email or letter to the issuer, use courteous language. the person you talk to is only doing their job, and you are more likely to get what you are asking for by being polite.

5. Make your request reasonable

ask for an increase that is a practical and realistic figure. asking for a huge increase, and that too without sufficiently valid reasons can lead to rejection. further, avoid asking the representative for advice because they are prohibited from doing that.

6. The balance transfer option

offering a credit card balance transfer can work like magic. when you transfer your balance amount from one card to another, there is usually a 0% interest charged for at least a year, which means you end up saving quite a bit.