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Credit question...

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Old Jul 30, 2008 | 08:34 AM
  #1  
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Rachel Bilson
 
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Default Credit question...

Is it a good sign if the credit card company raises your credit limit? Just checked my card and they raised it another 1500...
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Old Jul 30, 2008 | 08:36 AM
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I don't think they can increase it without your consent I thought...
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Old Jul 30, 2008 | 08:37 AM
  #3  
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Rachel Bilson
 
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I never applied for the credit limit increase
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Old Jul 30, 2008 | 08:38 AM
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Originally Posted by Draconius
I don't think they can increase it without your consent I thought...

some increase a set amount automatically, you have to call them and tell them to stop

My American Express and Master Card use to do that
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Old Jul 30, 2008 | 08:40 AM
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strange..since the 'credit crunch' most companies have been doing the opposite to protect themselves
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Old Jul 30, 2008 | 08:43 AM
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It's good if you continue to use your card as you have, because it would create a lower utilized-to-available debt ratio.
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Old Jul 30, 2008 | 08:45 AM
  #7  
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Originally Posted by Draconius
I don't think they can increase it without your consent I thought...
Yes they can, but you can call them to have it removed.
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Old Jul 30, 2008 | 08:49 AM
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it doesnt hurt to have a high limit on your cards, it only hurts when you use it un-wisely and not pay.
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Old Jul 30, 2008 | 09:37 AM
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^ditto.
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Old Jul 30, 2008 | 09:48 AM
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It is a good thing that means that they trust you with more money cause you have good credit
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