How do I get a higher credit rating, and raise the limit on my credit card?

Question

I have a capital one credit card.

Answer 1

Demonstrate 2-3 years of responsible credit management and on-time payments.

Answer 2

Responsible use of your card will improve your credit rating AND your limit (your rating is set by the Credit Bureaus based on your reported activity with your credit providers).

This entails making your payments on time (at least the minimum), never going over your limit, keeping your balance below 30%. Keep at it for 6 or 12 months and Capital One should increase your credit limit automatically, if not give their customer service number a call and ask if your limit can be increased, and if not then why not.

There's no magic here. Demonstrating you can handle credit responsibly takes time and a little attention to detail.

Answer 3

I personally would not do that with Capital One. Pay them off and run! But, you can call the company and ask for a raise on the limit or a lower interest rate. Ask for the manager if you the representative say they can't help you. If that doesn't work call again the next day and the next until you get results (learned that on Oprah).

Answer 4

The quickest way is to pay the balance with each bill. No balance should be left at all.

This includes your automobile insurance as well as any other premiums due.

Answer 5

You can use credit repair agency to fix your credit - for example this one - http://freecreditreport.hotusa.org - They can clean lots of bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.