Posted by gissele 3 years ago In:

credit, credit cards

gissele Asked:

What is the best way for me to get one credit card with a high limit instead of the several cards with low limits that I currently hold?

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4 Answers

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Tracy Answered:

If your credit score and payment history are good and you're actively employed, you should be able to apply at a bank or credit union for a higher line of credit and then do a balance transfer from your new card to payoff the others.

Make sure you let them know though at the time you're applying that you wish to do this and close the other credit cards. That way they can mail the check directly to them along with a letter from you requesting the cards be closed. They also won't need to take those line of credits into consideration when seeing if you actually qualify for the higher line of credit on the new credit card.

Hopefully that makes sense to you and helps you out.

Good luck to you.

Posted 3 years ago

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want2bdebtfree Answered:

Get out of debt fast! You don't want/need a cc with a higher debt ceiling.

Posted 3 years ago

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Thomson Joseph Answered:

The following are some steps by which you can obtain a High Limit Credit Card
Step 1
Your credit score is just one important part of your application. However, other variables affect your application greatly, including your income at that time and your history with the credit card company.

Step 2
Choose a credit card company with whom you have a good relationship. This gives you a distinct advantage. You can also ask for credit cards at your banks, like Bank of America, Wells Fargo, etc.

Step 3
If you believe your credit card limit is too low for your income, do enquire about increasing the limit. That said, be careful not to request too many credit line increases as any denial would be looked upon unfavorably.

Step 4
Since your income is a very important part of the factors deciding your limit, take steps to make sure your income is correctly communicated.

Step 5
Get quotes from different companies and compare the rates and limits. Choose a credit card with a high limit and not so high rate.

All the best.............

Posted 3 years ago

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samuelmulder Answered:

Build a good credit history with your existing credit card by paying bills on time and never using more than 50% of your available credit . Once you built good credit, apply for a new card with a high limit or request for raising the cieling of your current card.