How do I increase my Fit Mastercard credit limit?

You can get the Fit Mastercard with a 300+ credit score. This means that this card accepts people with bad credit.

But you could also be approved with limited credit, which means less than 3 years of credit history.

Other factors will also be taken into consideration when the issuer decides about your Fit Mastercard application, such as income, debts and credit history.... read full answer

Ultimately, it is worth noting that you cannot get pre-qualified for this card, but you can check your credit score for free on WalletHub to see where you stand.

You can get a Fit Mastercard cash advance in any bank with your card and a photo ID, or at any ATM displaying the Mastercard logo using your card and your PIN.

Even though the Fit Credit Card doesn’t have a cash advance fee in the first year, it charges 5% (min $5) starting the second year. Cash advances also have a 29.99% (V) APR, and you could also be charged with ATM fees.... read full answer

You should always try to avoid cash advances, as both the fee and the compounding interest may outweigh any quick benefit.

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.... read full answer

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 potential automatic credit limit increase typically happens after your account has been open for about six months.

What you should know about automatic credit limit increases:

• An automatic increase uses a soft pull of your credit, which does not hurt your credit score. A soft pull can occur at any time and without your knowledge.
• Some issuers may give you the option to deny an automatic credit limit increase or request an even higher limit.
• If you initiate a request for a credit limit increase, a hard pull may occur, depending on the issuer. Hard pulls can only be done with your permission, and may cause a slight dip in your credit score.

An automatic credit limit increase could actually improve your credit score. A higher credit limit will lower your credit utilization. But that’s only if your spending doesn’t increase in proportion to the raised limit. The general rule is to maintain an overall utilization ratio of less than 30 percent. Lower utilization is better for your credit score.