Author: Sean P. Egen
June 11, 2018
Thinking about accepting or asking for a credit line increase but not sure how it will affect your life? See what Bob is in store for now that he’s received one.
For more information on Credit Line Increases, check out 5 Reasons to Accept a Credit Line Increase.
About the author:Sean P. Egen
After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
There seems to be a lot of confusion about credit lines and credit line increases, so Credit One Bank decided to clarify things with a few general guidelines. Just know that the actual criteria and methodology used to set and increase credit limits is ultimately up to the credit card-issuer.
Did you know a credit limit increase on your favorite credit card can give you greater financial flexibility and may even help your credit score? Find out what you need to do to put your finances in the best position to earn an increase.
Thinking about accepting a credit line increase (CLI) from your credit card company, but you’re not convinced it’s a good idea? Have you received an email from them stating that you’re pre-approved for a CLI, but something’s keeping you from clicking the “accept” button?