Question:

What does it mean when your bank continually raises your credit limit?

by  |  earlier

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Does that just mean that your credit is in good standing? Or does it mean that they want you to spend more and raise your balance?

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3 ANSWERS


  1. Well your bank doesn't raise your credit limit. Your payments got to Visa/Mastercard/etc they are raising your limits because you are in good standing and hoping you will spend more.

    If you have a higher debit card limit it means everyone elses limit was raised as well and you are nothing special. Debit card limits are fixed.


  2. A little bit of both. They only make money when you spend money, but they like to keep you on a short leash until they know you are good for the money.

  3. You are in good standing.

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