Nowadays in Brazil it is difficult to find who does not have at least one credit card in the wallet.
When well used, it could be the salvation for those last-minute purchases that were not in the planning but could be paid off in the following months.
For this you need to have a good credit approved with the financial institution, which is not always easy to achieve.
But how do you know if there really is an increase in your limit? See our tips!
How to increase?
Many people carry the same card for years. Sometimes from the time you opened the account because of the first job. That’s exactly why people find it difficult to raise the limit. In general, banks calculate the maximum credit according to the customer’s remuneration. So if the card was made while you were still an intern, the limit will probably be low.
Not all financial institutions follow the same criteria when pushing for changes in the ceiling. Most do not give credit greater than 30% of the customer’s gross income. Private banks usually grant the increase according to the customer’s profile. So if you borrowed and were a good payer, for example, you’ll be closer to getting the raise. Public institutions focus on the income of the worker. Therefore, you will need to get to your agency and prove the change in income.
When to increase?
Before you ask to raise the threshold, you need to evaluate whether you really need it, otherwise you are asking for a value that you can hardly remove. After all, credit works as a kind of loan.
Your purchasing power is higher: it may be worth increasing the card limit
With more money in mind it may be interesting to increase your credit card limit. After all, now your purchasing power is different and probably the purchases and bills will be more expensive. Raising the limit is worth especially for those who want to make big purchases, such as furniture, for example.
If you just want to raise and want to buy new appliances, the card is a good alternative to not compromise the budget of the month. But be aware of the value of the plots!
You want to achieve goal and need payment flexibility
Raising the limit also be the chance to make that dream trip. Parceling several times, without interest, is much easier than paying everything in sight. But remember: if your limit is $ 3 thousand, for example, purchases will not exceed this amount, even if the installments are much less than that amount.
You need to calculate the total amount, analyze if it’s worth spending it to reach that goal and make a good installment without interest.
Credit cards yield some benefits. The advantages will depend on each financial institution, but in general, the more you use the card, the more it accumulates points. At some banks, these points can be redeemed for airline miles, shopping, and other benefits.
So, in this case it may also be interesting to increase the card limit – always remembering that you have to increase your income to be worth it – and thus be able to enjoy all the advantages offered.
Credit card debt is one of the reasons people get their names included in Serasa and SPC, a problem, especially for those who want to finance a property or a car, for example. Just be careful with your credit card and only increase the limit if you really can afford it.