Of course, checking off the above items is not a guarantee, but having a good score and income does increase your chances of getting additional credit.
You have at least a good credit score (661 to 780).(It's not exactly necessary, but it will help with your case.) Your approval is not guaranteed, but you're in the best position to get approved if these two factors are true: Just make sure that you feel confident in your ability to stick to your budget a higher threshold provides additional opportunity to spend beyond your means.īefore you call, pay down at least some of your outstanding credit card balances to show you are financially responsible. Increasing the total amount of available credit makes it easier to stay below the 30% threshold, giving you a little more breathing room to make your monthly expenditures. Consider calling your card issuer to ask for a credit limit increase if you find that you're regularly spending more than 30% of your total limits. Having low balances and high credit limits is the recipe for low utilization. Terms apply.Īnd Citibank customers who carry a card such as the Citi Rewards+® Card can opt in to use the Citi Mobile® Snapshot feature on the app so that they can view their available credit amount and credit card balances without the hassle of having to log into their accounts. This way, cardholders can ensure that their balances stay low. Consider using credit cards with user-friendly apps that let you manage your payments from anywhere.įor instance, cardholders of the American Express® Green Card or American Express® Gold Card can use the Amex mobile app Pay It®, Plan It® feature to pay off small purchases as soon as they post to their account. Not every card issuer followers the same reporting schedule.Īnother method is to sign up to receive text or email balance alerts from your credit card issuer. You also may want to call your card issuer to ask when they report to the credit bureaus, especially if you are trying to manage multiple credit cards. Some people pay off their cards as soon as they use them, but you could also make bimonthly or weekly payments if that's easier. It's hard to know when exactly your card issuer(s) is going to report your balance, but if you pay down your card regularly, the bureaus are more likely to see a smaller amount. The bureaus then use your reported balance to calculate your CUR. Instead of waiting for the due date to pay off your credit card balances, consider making periodic bill payments throughout your billing cycle.Ĭard issuers report your statement balance to the credit bureaus roughly once per billing cycle to the credit bureaus - Equifax, Experian and TransUnion.
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