Can I get a GM Rewards Card credit limit increase?

You can get a Barclaycard credit limit increase either online or by calling the number you see on the back of your card. You’re not guaranteed an increase with either method, but there’s a good way to estimate your chances. It is also possible to get an automatic credit limit increase from Barclays.... read full answer

How to Request a Barclaycard Credit Limit Increase:

1. Log in to your Barclaycard account.
2. Click on the “Services” tab.
3. Click on “Request credit line increase.”
4. On the next page, click on “Request a credit line increase” again.
5. Enter the amount of additional credit you’d like, along with your occupation, employer, length of employment, and total annual income.
6. Review your information and submit the request.

To get a Barclays credit limit increase by phone, call the number on the back of your card. Then, verify your identity with your card number and Social Security number, and tell the Barclays representative you’d like a credit limit increase. You will then need to answer questions about your employment and income.

Barclaycard Credit Limit Increase Approval Odds:

You’re more likely to get a Barclaycard credit limit increase if you’ve had your account for at least 6 months, you’ve always paid on time, and you haven’t seen any big drops in your credit score recently. Just keep in mind that if you ask for an increase, Barclaycard will do a hard inquiry into your credit report, which will cause a temporary drop in your score.

The same conditions for high approval odds apply to automatic credit limit increases, too. However, automatic increases will only result in a harmless, soft credit check.

Here’s What to Expect After a Barclaycard Credit Limit Increase Request:

It’s possible to get an instant decision on your Barclaycard credit limit increase request. But it can also take up to 10 business days to hear back by email. If your request gets denied, you can ask again once a month has passed. Just don’t forget that each request will result in a hard pull of your credit, which may temporarily damage your credit score, especially when there are lots of them in a short period of time.

With that being said, getting a credit limit increase can be great because it reduces your credit utilization if you keep your spending the same, or allows you to spend more without increasing your utilization.

The GM Rewards Card customer service number is (833) 773-0988. You may also call the number on the back of your card for assistance.

Ways to contact the GM Rewards Card customer service:

• Online: You can log in to your online account to contact customer service during normal business hours. From your dashboard, select the account you have a question about and then click on the "Chat with us" button.... read full answer
• By Phone: Call (833) 773-0988 or the number on the back of your card. This line is available 24/7.
• By Mail: You can get in touch with customer service through mail at the following address:
  
  Marcus by Goldman Sachs
  PO Box 70321
  Philadelphia, PA 19176-0321

You can also visit the issuer’s FAQ page to see if there’s already a solution to your GM Rewards Card problem.

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.