Credit allows you to borrow money that you can pay back at a later date. Your credit limit is the amount of money that credit cards will allow you to borrow before you get declined or charged for going over that limit. Being able to raise your credit limit is a sign that typically means you have a good credit score from proving your reliability with timely repayments.

Before you think about increasing your credit limit, consider why you personally want to increase your limit. If you constantly struggle with repayments and going over your credit limit, then a higher limit might not be the answer. Managing your debt is about practicing good credit utilization. Once you have mastered that, it is good to understand how to increase your credit limit and know when it is beneficial to you. So, if you think you’re ready, here are five ways you can increase your credit limit and what you…

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