Boost Your Credit Card Limit? 5 Crucial Factors to Consider First!

• Banks evaluate your credit score, income, payment history, and existing debts to approve limit increases.
• Consistent, timely payments are crucial; avoid late payments or only paying the minimum amount.
• Keep your credit utilization ratio below 30% to demonstrate responsible credit management.
• Self-initiated requests might trigger a 'hard inquiry' affecting your credit score; prefer pre-approved offers.
• An increased limit should lower your utilization, not encourage more spending or high-interest debt.

Why It Matters: Increase your credit limit wisely by understanding bank policies and maintaining excellent credit habits.