Before attempting to increase your credit limit, take these steps.
1. Check your credit.
The first step is to check your credit. You cannot fix your credit score if you are not aware of it, so be sure to regularly check it -- especially when you plan to increase your credit limit. You can use many tools to check your credit score and even receive free notifications and updates.
2. Improve your credit utilization score.
Another important consideration is your credit utilization score. When you pay more than just the minimum required, you can successfully lower your debt-to-income ratio, making you a more attractive candidate for a credit limit increase. Be sure that your account details reflect your current information, including any changes to income.
3. File an official request.
Every credit card company has a different procedure for increasing your credit limit, but the details differ a bit from issuer to issuer. Most allow you to apply for a credit limit increase online via a simple form, but you may need to call a customer representative instead. The details should be available on the back of your credit card or via your account's online dashboard.
4. Consider another card.
Sometimes, the best bet is to simply apply for a new credit card. With a new card comes a new line of credit that may exceed what you currently have available on your other credit cards. You also may have an easier time obtaining a credit limit increase through a new credit card issuer that may be a little more understanding than your current issuer.
5. Check your timing.
Sometimes, card issuers will offer a special promotional APR that can make it an especially attractive time to increase your credit limit. However, if you have been making timely payments, it is very possible that your credit card issuer may contact you directly. When you show long-term, responsible use of your credit card, issuers are more likely to extend an offer of credit to increase the credit limit you already have.