Chip Lupo, Credit Card Writer
@CLoop
You can request a Belk Store Card credit limit increase online or by calling customer service at 1 (800) 530-6886. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Synchrony Bank has on file. Synchrony Bank will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.
How To Get a Belk Store Card Credit Limit Increase Online
- Log in to your online account.
- Click "Services,” and then "Request Credit Increase."
- Enter your desired credit limit.
- Confirm the information entered and click "submit” to complete the request.
You should receive a decision in just a few seconds. If you’re approved for a Belk Store Card credit limit increase, the new limit is effective immediately.
Impact of a Belk Store Card Credit Limit Increase on Your Credit Score
When you request a Belk Store Card credit limit increase, Synchrony Bank will conduct a soft pull of your credit report, which does not affect your credit score. However, some Belk Store Card credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. Synchrony Bank cannot do a hard pull without your permission.
Alternatively, you could be eligible for a Belk Store Card credit limit increase without even requesting one. The Belk Store Card may offer an automatic credit limit increase if Synchrony Bank’s regular review of your account shows a history of on-time payments and low debt.
People also ask
Can I get a credit limit increase without asking?
Yes, it’s possible to get a credit limit increase without asking, typically after 6-12 consecutive months of on-time bill payments with a new credit card account. Credit card companies need evidence that you can handle your current spending limit responsibly before giving you the ability to borrow more.
Creditors will review your credit, income, and payment history on a regular basis moving forward. If they feel you can afford an increase and refrain from abusing the...
read full answer by WalletHub, Financial CompanyWhy did my credit limit go up?
The reason why your credit limit went up is probably because you received an automatic credit limit increase from your credit card company. Creditors periodically review cardholders’ accounts and may consider increasing the credit limit as a reward for consistently paying the monthly bills on time and maintaining a low debt level.
Another reason your issuer might increase your limit is if you updated your account profile with a higher income. The first account review for a...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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