Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Credit Cards
Profile Image

Question By

1 Contribution
1 Person Helped
Should I ask for an increase on a just-opened card that I want to transfer a balance to?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

All Responses

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1466 People Helped
Most Helpful Response

Helpful to 3 out of 3 people

All you can do is ask, but be aware that they may do another hard inquiry on your report, ask them to be sure. Once again, you will never know the answer if you don't ask them.

Top Contributor
36 Contributions
68 People Helped

Helpful to 1 out of 1 people

Depends whom is the credit crantor. Capital One is usually pretty good with this. Its 50/50 if they will grant an increase BUT its always a SP. I was just approved for another Capital One card today, and the limit was only $500...rather than use the automated system for a credit line increase, I called and spoke with a person. After a brief time on hold she returned and say congratulations...we've increase your starting limit to $2800. Again for me an odd number but much better. My point being sometimes its better to take what they give you and other times, simply ask. You will know the difference when you rsearch the credit grantor and learn whether they do a HP or a SP, and if they are most likely to grant your request or deny it. If you have had issues getting approved for credit in the not so distant past, be happy, maybe celebrate a lil and just simply earn your next CLI through demonstrating a strong and positive use of the credit you have been approved for. STAY under 20% usage of your total limit...even if your limit is low like $300... and pay the balance off as soon as the statement comes....if you can ALWAYS pay more than the minimum and it will happen, you will get that CLI. Hope this helps.

Top Contributor
18 Contributions
13 People Helped

I'd Wait

Helpful to 1 out of 2 people

Most credit cards will not approve a credit limit increase until the account has been opened for a few months. The ones I have deal with usual will not approve until atleast the 6 months mark and then its another hard pull on your report.

2 Contributions
0 People Helped

Certain banks won't

Helpful to 0 out of 1 people

Nationwide Bank doesn't give credit increases upon request. This was the information I recieved after requesting one.

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.