How do I increase my Bank of America credit limit?

What to do before you ask for a credit limit increase What is your current credit limit? You must firstly be aware of your available credit limit. By reviewing your monthly credit card statement or entering into your online account, you can often locate your Bank of America credit limit. When you have this knowledge, take the time to compare your credit limit to your available credit, which is the remaining credit you have after deducting the amounts on your credit cards.

How much credit do you want? Don't ask for a credit limit increase that is too high; for instance, if you have a Bank of America credit card with a $5,000 credit limit, it would be preferable to ask for an increase to $6,000 rather than to $10,000.

Before asking Bank of America to extend your credit limit, it's a good idea to check your credit score, especially if you're unsure of whether or not you have acceptable credit. if you have a low score, you should increase it first before asking for increasing limit

With Bank of America, you can request a larger credit limit either online or over the phone. If you have a Bank of America online account, sign in and choose "Request a Credit Line Increase." The "Card Details" portion of your account summary should provide this choice. You might not be qualified for a credit line increase at this time if the option to do so is not present.

A higher credit limit can also be requested by calling the number listed on the back of your Bank of America credit card. Be ready to explain your income situation and the basis for your request for more credit.

If Bank of America rejects your request, what to do

1. Wait six months, then make another request 2. Request a credit limit increase with a different card issuer: 3. Apply for a new credit card