Q: The limit on my credit card is pretty small and I was wondering, how can I get this limit raised?

A: Getting a high limit takes time. You don’t go from getting your first student card to a 50K limit overnight, or even in a year. With that said, there are things you can do to speed things up and get your limit raised sooner rather than later.

One thing you can do is to ask for a higher limit. Yep, it’s really that simple. The credit card company won’t always say yes (especially in a credit crunch like right now), but this is a much faster way than simply waiting for them to contact you about it. If you’ve just gotten a new card, you will probably have to wait 6 months to a year until the company will even consider raising your credit limit. During this period, make sure to use your card frequently, but don’t carry a huge balance. The credit card company will be more likely to agree with your request if they see you as a valuable customer.

Some companies have forms that you can fill out online for a credit limit request. If they don’t, you can always speak to someone on the phone. You may have to ask for a supervisor, since the person who answers your call usually isn’t in a position of power, and probably can’t grant you that credit limit increase. If the representative you speak to asks why you would like a credit limit increase, this article advises that you say you’ll be making some big purchases soon.

If you’re looking to score a card like the American Express Platinum that has no pre-set spending limit, you’re going to need a great credit score and the income to back it up. Of course, those with low incomes probably won’t go for this card anyway, with an annual fee of $450.

If you want this card, you’re going to have to do the usual things that build your credit: pay bills on time, decrease your debt load, make sure you’re not above a third of your credit limit, and keep open old accounts so as not to hurt your score. If you do all this you should be able to land your AMEX in no time. Keep in mind, though: just because the limit isn’t pre-set doesn’t mean there is no limit.

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