Comments on: Increase Your Credit Limit

By: Trick on AMEX Credit Limit Increase - Credit Card & Bank - Get Money from Banks

Thu, 25 Oct 2007 03:07:33 +0000

[...] online credit limit increase. Note that the credit limit increase process is a soft pull (also see here). It’s OK to get a try the online credit limit [...]

By: Shawn

Shawn — Sat, 13 Oct 2007 18:09:35 +0000

So, you mean if I do not give the authorization, they can not pull credit record?

By: David

David — Sat, 13 Oct 2007 16:13:23 +0000

Yes. When they ask for annual income, they are about to pull your credit report. When you are asked to fill in a form, you are willing to let them pull your credit report. So be careful about those stuffs.

By: Ming

Ming — Fri, 12 Oct 2007 23:08:10 +0000

When you said that “the credit line under $24,900 is safe” in the AmericanExpress part,did you mean their famous financial review process?

By: David

David — Fri, 12 Oct 2007 21:31:54 +0000

Not exactly. It’s generally believed that if your request is under $24,900, you have great chance to get approved.

By: Yao

Yao — Fri, 12 Oct 2007 19:36:05 +0000

I had a problem getting a credit limit increase from Chase and after calling in (after recieving the letter) I was able to get my limit increase. However I do not have the large amount of credit available with you.

After speaking with a chase banker about opening a business credit account (for a legitimate business) he mentioned that if you have an account that you max out every month (even if you pay in full) it will raise red flags with Chase. Because of that I’d suggest paying down the credit card before the due date so that the posted limit doesn’t show as maxed out (although since they issue your card this might not matter), and I’d suggest using another card you have until you get the limit increase you ask for.

Also be careful how many times you ask Chase. In my experience they hard pull your credit for limit increases, so repeatedly trying to increase your limit will also ding your credit score a bit.