Tag Archives: credit limits

How They Set Credit Limits on Credit Cards? And How to Increase it?

We all use dozens of credit cards, most of them have different credit limits, but we aren’t aware of how these credit limits on credit cards are set, are we? Let’s discuss how this thing works.

It’s been more than 5 years I have left my previous employment, which was a credit card company. However, I can still recall how they set credit limits for different people. There are two main factors that influence the credit limits on credit cards for an individual. These two factors are annual income and credit score. Approval of a credit card also depends mainly on these two factors. Continue reading