How Can I Raise The Credit Limit On My Credit Card?

Published: 22 August 2022
on channel: Smart Money - Personal Finance
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How Can I Raise The Credit Limit On My Credit Card?

Increasing the credit limit on your credit card might be beneficial or detrimental, depending on your financial situation. If you pay your credit card account in whole and on time every month, extending your credit limit can provide you with additional freedom while also improving your credit scores by lowering your credit use ratio. However, if you have a habit of overspending, a greater credit limit may exacerbate it.


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