BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.
This offer is not available in New York and Wisconsin.
This offer is not available in New York and Wisconsin.
When you receive a credit card, the card issuer will have set you a credit limit. It is the maximum amount of money you are allowed to spend on your plastic. The credit limit is based on the information from your credit report and an application form. Credit companies take into consideration your level of income, current employment, payment history and other factors.
Different credit companies can have different measures to evaluate your creditworthiness. And that's why one issuer may offer you a plastic with $5,000 credit limit and another issuer may offer you a plastic with $7,000 credit limit.
Most people want to get a high credit limit because it can be a great advantage. It gives you flexibility for purchases and a lot of spending power. It can even increase your credit score because your debt/available credit ratio will be lower.
Typically, the better your score, the higher your credit limit will be. So, if you have a big credit limit, it means that you have proved to be a trustworthy and responsible customer. Some issuers can give you a big credit limit initially or increase it gradually if you manage the debt well.
COME GET IN TOUCH WITH US
Never miss a new article, review or a credit product. Follow us in social networks, leave comments, and share your thoughts. Subscribe to receive latest news and trending offers on the credit card market to find the credit card that will save you money and give you perks and rewards.
Please specify the following:All these fields are optional
Thank you for providing this information! We will make sure our letters are useful for You.