I have 640-650 credit score, 130k income, and some credit. I need a card but it seems like getting a card with a $500 credit limit will only push my scores down. How do I get a higher limit?

Answered on September 16, 2014
Updated on September 16, 2014
The content is accurate at the time of publication and is subject to change.
James Williams James Williams

You can contact your current credit card issuers and request for a credit limit increase. It won’t hurt your credit score as much as opening a new credit card because the average age of your credit accounts won’t change. If your creditors do not raise your credit limits, then you can apply for a new credit card. When you apply for a credit card it is inevitable that your credit score will be lowered. But that is not what cannot be improved. On-time minimum payments with all your creditors during 3-6 months will raise your scores back if not improve.

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BROWSE MORE QUESTIONS ABOUT Fair Credit Cards:

Most co-branded credit cards like Speedway credit card won't require you to have excellent credit to qualify. It is often enough to have fair credit to get such card. However, if you want to apply for this card simply because of rewards it gives, you may want to skip this offer and apply for their free Speedy Rewards program. You won't get line of credit but will be able to earn rewards. Also, applying for their loyalty program won't hurt your credit score. Or you can apply for a credit card for fair credit. Some of these credit cards offer rewards program.
All in all, your credit scores are considered average. To apply for a Menards credit card your credit should be good or better. If you apply for a PNC credit card with your current credit scores, your chances to qualify will be low. If you are looking for a cash back credit card, look at the cards offered to people with average credit. Some of the offers can have cash back rewards programs that may suit your needs.
Well, when it comes to credit issuers, there is one thing you always have to remember. When you apply for any credit card, not just the PenFed card, your current credit score is not going to be the only thing the credit issuer is going to check, there are several other factors they will also look into. Your current credit score will still play a very important role in the issuer deciding whether or not you will be approved for the card. I would say, as long as you have a credit score that is at least fair, you have a good chance of being approved. You can apply for one of their cards by...

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