How to increase your Credit Card limits

by SANGITA SAHA
October 20, 2022, 3:24 pm
in Finance

15.k views

How to increase your Credit Card limits

Maintaining low Credit utilization rate is mandatory to have a good CIBIL score. Thus increase of your Credit limit is very necessary, if you are not able to maintain your Credit utilization rate below 30%.

Few important tips that will help you to increase your Credit card limits:

1) Reduce or eliminate some of your liabilities:

Pay up a remaining mortgage loan or get rid of some of your fixed monthly dues.

2) Provide evidence of an income increase:

Show evidence of your increase in income so that they can get convinced that you have enhanced your repayment capacity.

3) Maintaining a good CIBIL score:

Check your CIBIL score time to time from a lot of free website and apps and maintain a good financial habit of payment on time and maintaining Credit utilization rate below 30%