To increase credit limit up to 1 Million dolar, actually it’s not that hard! because all you have to do is play nice and smart! the trick to increase credit limit basically based on Banker mindset! 😉 because most of banker always thought more limit mean more profit! 🙂 well, I am sure, some of banker will think that way! just FYI, thousand people already try this tricks! so if you haven’t try! my suggestion is, try with small and see the effect! 😉 after that. you know what to do next! 🙂
remember Guys! this trick are for educational purpose! 🙂 are not intended to out of the context! so use this trick wisely! because any financial loss it will be your risk! 🙂 (disclaimer)
Ok let’s get serious! shall we! 😉 first of all you have to understand what banker mindset is! they want profit(for sure)! more limit mean more profit! but it doesn’t mean they will increase credit limit without reason or doing randomly! for several cases it might happen to lucky person! but in order to increase your limit up to 1 million dollar you need some trick! and not just luck factor!
So, the question is! is it possible for average joe that work in factory with income 1500, per month, have credit card limits up to 1 Million dollar ? the truth answer is! yes and no! 😀 for obvious reason, most banker are not dumb! that for sure, they know how to make calculation, between risk and profit! they also realize credit cards business are profitable! but on the other hand, its also risky! because most profitable business most of the time, they always risky and the risk between profit are almost equal!
That’s why they made the system to minimize risk! the implementation could be based on anything! e.g your credit score, your bank account, your saving, your address, your salary etc. but the most important! and most banker know, actually they rely on credit score! 🙂 but the credit score it self are not enough! because even if you have excellent credit doesn’t mean you need credit limit to 1 million dollar right ? 😀
but lets imagine like this, if someone trustworthy, have excellent score, and they need 1 million dollar! based on their business activity! what do you think ? lets pick sample like this! you have kids, he/she are a good boy/girl! trust worthy, hard work, and have out standing track record! do you have reason not to support him ? the answer would be! of course you will support him/her why, because you trust him/her, and also he/she are a good kids! right ?
But since you don’t have 1 million $$ I am sure, you can’t give him/her 1 million dollar! am I right ? but you will give him a maximum limit! because for some reason, that kid are trustworthy and he she deserve to get the best limit! based on his capacity! 😉
I assuming, you already know the mind set, and how it works to increase limit! i.e trustworthy and have good track records! so 1 Million dollar question is, how to implement this trick to our credit card! and increase our limit to maximum! and if can, to 1 Million dollar ? here what you should do!
First, Choose big Banks! top 3 or top 5! build your score to reach excellent! why big banks ? because most of them can give you higher credit limit! and obviously they have big budget! and most of big bank, usually have 1 billions dollar asset! so I am sure they don’t mind to give you high limit!
Secondly choose Credit cards company, that have business core for credit cards! and not just doing a half such Wallmart, AMAZON, best buy, or what soever! because for some reason they don’t have interest with risky business! afterall. their APR already tell you about everything! 🙂
Third! you already doing business with them for a long time! and not just 6 month ! at least more than 1 year or more! because from long track record, they can read your statistic! afterall. Most of credit score put a heavy weight on credit length! 🙂
fourth! this is the most important step that you must do! spend your limit up to maximum(at least 80%)! in previous articles, I already said don’t use maximum limit! but that’s okay! as long you pay on time! but if you have problems to pay your bills! well, maybe using maximum limit are bad idea! 😉 (my bad) why use maximum limit ? isn’t dangerous and can decrease credit score ? well, if you pay on time, or pay full before grace period ended! it doesn’t matter! what matter is, if you don’t pay your debt! or make late payment! because if you do that! it’s big alarm for bank! to saying this kid have problems with debt! 😀 lol!
and also using maximum limit its like saying you need more limit! because my limit right now are to low! for several cases, they will increase your limit without asking! but for most cases you have to call them and ask to raise your limit! as long you pay your debt! I am sure bank happy with what you doing! 🙂
5! after you use maximum limit! never late to pay your debt! because if you do that! automatically the system will change! and for several cases, they can block your card! and if your limit already increase! and you late to pay your credit card bills! the chance is, they will decrease your limit! and that’s it! you have to start over!
6! try to apply with another credit cards! if you have excellent score! most of the time, other company will reach you and make phone call! if they do that, tell them, you want 2 or 3 times limit from previous card, and don’t forget to ask low APR! if they accept your term, that’s it! 1 million dollar limit almost there 😉 but if they not call you! instead you calling them! ask them you want better limit with low APR! 🙂 if they can, then why not having 2 magic cards, in your pocket! 😀
7 the last effort! 😀 if you already use maximum limit, and always pay on time! and still! they don’t raise your credit cards limit! if I were, you! I’ll call them! since I have 2 cards, as comparison! tell them, I already have another credit cards, they gave me 5% APR, with 100k credit limit and my card is NFCU! 🙂 since your cards limit 14% APR, and credit limit only 10k! so, I am sorry! I don’t want do business with you! unless you can give better offer ! thanks, next week I will come to your office! 🙂 if you make threat like that! I am sure they will give you better offer, or at least they will give same limit like new cards with better APR! but if they don’t do that and still doing nothing! well, obvious they have serious problems! 😀 if I were you, I will find another company! but most of the time, they will increase your limit! though for several cases, they do nothing!
Bottom line is! your credit line will increase if you spend full limit! because using maximum limit it’s like saying to them! I want more limit! I always pay on time! so where the problems ? 🙂 after a few month! I am sure your limit will increase! that for sure! but of course if you late to pay your credit card bills! that’s it! you Doom! 🙂
Just FYI, if you want to make comparison and bluff! you need to have another card, that have better limit and APR! if not don’t try to lie! because for them, actually it’s not hard to check, whether you lie or not! Afterall, all Banks are connected!