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Getting limits increased on a cc
Posted on 3/22/14 at 8:23 am
Posted on 3/22/14 at 8:23 am
Will my bank increase my limit even though they don't make money off of me? I pay my entire balance every two weeks. Doing that allows me to save more money since i'm not swiping my debit card all the time, but I check my statement and they haven't earned a single penny of interest. I doubt they will increase my limits seeing my patterns.
This post was edited on 3/22/14 at 8:25 am
2
Posted on 3/22/14 at 8:31 am to MontyFranklyn
Yes, they will. Give yourself six months after account opening or last request for an increase and have at it.
Posted on 3/22/14 at 9:10 am to MontyFranklyn
They still make money every time you use the credit card. The merchant doesn’t get all of the money you charge. The credit card company gets to keep a percentage of each purchase.
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