Many people think credit cards with high credit limits can not be obtained if you have bad credit but that is not necessarily true. Though your credit score is an important variable when it comes to assessing your credit limits, there are other variables that are just as important or even more important. Thus, by correctly monitoring these variables and preparing yourself for the credit card application you can boost your chances of getting a higher credit limit.Variables That Determine Your Credit LimitWhen assessing your credit limit, the credit card company takes into account many different variables. And as explained in the introduction, though the credit score is an important factor it is not the only one or even the main one. Since credit limits are a matter of amounts, it is your income that will determine your credit limit at first. Also, your history with the credit card company will be an important factor too. Most commonly, you can get higher credit limits with a company that you already have an account with.Other variables are external and though you can not control them, you can take advantage of them if you know how they work. For instance, knowing that… Read full this story
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