Nowadays the demand for credit cards is increasing rapidly. Some people even keep more than one credit card with them. Every credit card has a limit. This limit depends on the income of the cardholder, credit score, the chosen card, and the criteria of the card provider. Cardholders cannot spend more than this limit. But they have the option to increase the limit of the card. But this is possible only when you use the credit card wisely. HDFC Bank has told some ways to increase the limit of the credit card, know about it here.

Apply for a new card.

The easiest way to increase the limit of the credit card is to apply for a new upgrade card. This will automatically increase the limit of your credit card. You can choose a card that provides you additional benefits of a credit card in comparison to your existing card.

You can also increase the limit on the existing card.

You can also increase the limit of your existing card. For this, you will have to request the bank. However, the bank will increase your card limit only after looking at factors like your credit history, credit score, and income and after being assured. If you have multiple cards, choose the card for which you want to increase the limit.

Provide detailed information about financial condition.

Sometimes banks may be unaware of any change in your financial condition that may make you eligible for a higher credit card limit. For example, your salary may have increased in the last few months, but you are still using your old credit card with the existing limit. In such a situation, you can inform the bank about your new financial status through mail, etc. and request them to increase your card limit.

Yearly increment

If you have paid the balance amount on time, then most banks provide yearly increment in credit limit. You can ask about this in your bank. Most banks offer annual increments automatically. Even if you don't need it, it can help you increase your credit limit yearly. It also comes with great offers on rewards.

Improve your credit score.

Since banks also look at credit score while setting credit card limit, keep your credit score high. For this, repay all your loans on time. Also, keep your expenses within the limit.

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