Chip Lupo, Credit Card Writer
@CLoop
The Amex Blue Cash Everyday may increase your credit limit after every three months if you ask for an increase yourself. You can also wait to see if American Express will offer you an automatic credit limit increase, which may occur as soon as every six to 12 months if you pay your bills on time and keep your credit utilization low.
How Often the Amex Blue Cash Everyday Increases Your Credit Limit
- Automatic: It may be possible to get an increase every six to 12 months.
- By request: You can request a credit limit increase every three months.
- No guarantee: Credit limit increases are never guaranteed, but you can improve your chances with responsible card use and a history of on-time payments.
Remember that your chances of getting a credit limit increase are best if you’ve made the last six consecutive payments for the account on time. Having a low credit utilization rate also helps, as that shows you’re not desperate to borrow more. Credit limit increases are never guaranteed, and if you’re denied one, you’ll need to wait at least before asking again.
If you really want a credit limit increase, it’s best to ask for one directly. You should note that this will lead to a hard inquiry into your credit history, which may drop your credit score by 5-10 points. You can learn more about how to increase your credit limit on WalletHub.
Blue Cash Everyday® Card from American Express
Blue Cash Everyday® Card from American Express
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