How can I get a First Premier Bank credit limit increase?

You may be eligible for a credit limit increase without asking 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 added spending power, they may automatically grant a credit limit increase without you asking.… read full answer

If you get a credit limit increase without asking, it should help your credit score. To start off, issuers only use a soft inquiry (which does not affect your credit score) for this type of increase. If you ask them for an increase instead, they’re more likely to use a hard inquiry, which can cause a temporary drop in your score. In addition, getting any kind of credit limit increase adds to the total credit you have available, which can lower your credit utilization if you spend the same amount of money (or less) than you did before. Or, it can allow you to spend more without increasing your utilization.

If you want to increase the chances of a credit card company giving you a higher limit without you having to ask for it, there are a few steps you can take.

How to get a credit limit increase without asking:

1. Always pay all your bills on time.
2. Pay off the card you want the higher limit on fully each month.
3. Update your income on the credit card company’s website/app.
4. Keep your account open for at least 6-12 months.

These steps won’t guarantee you a credit card limit increase without asking. But they will certainly help your chances.

If your credit card’s issuer doesn’t grant you an unsolicited increase, you may want to just ask for an increase yourself. While your request will probably lead to a lower credit score, the damage will be small and temporary. And in the long term, a limit increase has the potential to bring your score higher.

The First Premier Bank Platinum card was not a good credit card and it is no longer available to new applicants.

It had a very high-interest rate, annual fee, monthly fee, high credit limit increase fee, honestly, there was a fee for just about everything.

Get a Discover it Secured… read full answer or a Capital One Secured instead. Both are great options.

To get a Credit One Bank credit limit increase, you can either wait for Credit One to automatically raise your limit or you can request a higher limit yourself. Credit One Bank will periodically consider your account for automatic credit line increases, typically after you’ve had a card for 5 or 6 months. This timeline is also recommended if you’re requesting an increase on your own.… read full answer

To submit a request, log in to your account at www.creditonebank.com, go to "Settings" and click "Credit Line Increase.” Enter your personal information and your desired increased credit limit. Then, submit the request.

Bear in mind that if you request a credit line increase from Credit One Bank, it will trigger a hard inquiry on your credit report. This will lower your credit score by a few points, but only temporarily. Hard inquiries stay on your credit report for two years but can only affect your credit score for the first year.

If Credit One automatically increases your limit, there will only be a soft inquiry, or “soft pull.” That will not alter your credit score.