Getting a High Limit Credit Card

Getting a credit card with a high credit limit is not a very straightforward process. When you apply for a credit card, whether online, by phone or through the mail, the credit card company first determines if you are approved and then determines your credit limit. Unfortunately, no credit card company can provide information on what your limit will be until your application has been processed. However, there are a few steps you can take to increase your odds of getting the amount of credit your desire.

First, apply for a credit card that advertises high lines of credit. Some credit card companies only offer lines of credit up to $10,000. Others offer limits of $25,000 or more. If the credit limit you are given is a major factor in your decision, your chances of getting the credit line you desire will be increased if you apply for cards that advertise higher limits.

Once you submit your credit card application, it can take anywhere from a few business days to a few business weeks to receive your credit card and learn of your credit limit. Because of this, there are a few steps you can take to make sure you get the credit you desire in a timely fashion.

If simply getting credit is your main concern, applying for multiple credit cards may be the best option. You may not get the credit limit you want on a single credit card, but your combined limit may meet your needs. Additionally, applying for multiple cards expedite the process of getting your credit card in hand.

Another benefit of applying for multiple credit cards is the option of choice. You may receive drastically different credit limits, interest rates, and 0% introductory offers from different issuers. If you apply for multiple credit cards, you can pick the card or card you want to use armed with the specific information you need to save you the most money on interest while providing you with the credit limit you desire.