If you have ever been in a bind and needed to get some money, you may have possibly gone through a situation where you needed to apply for your first Premier Credit Card. There are many different credit cards that are offered to consumers these days. So it is important that one knows what they are getting into before signing on the dotted line. You may also have heard that a Credit Card is a revolving credit, which is one that has set limits each month. This can be good or bad depending on your situation.
One of the most common questions that is asked when applying for a my first premier credit card is; what kind of limit will I have? There are many different types of limits and fees that are associated with a Credit Card Company. Make sure that you read the fine print so that you know exactly what you are getting. If you find out that a particular Credit Card Company will only allow you to have an annual fee or a minimal annual fee only and that you can get no annual fee for the balance transfer if you pay off your balance within a specific period of time, that’s a great way to find out about different offers.
Also make sure that when you apply for your Mypremiercreditcard, that you ask the company about any special offers that they may be having. Many times a Credit Card Company likes to entice you by offering a special offer. It doesn’t really matter what that special offer is, but you should at least inquire about it. That way you can determine whether you want to take advantage of the special offer or not.
Many times if you have a Bank Account with a Credit Union, you can get an instant credit limit increase from your Bank. You will need to speak to the Bank Account Manager but you can usually apply online. If you have a Premier credit card like American Express, Discover, Visa, MasterCard or Discovery, you can always visit the website of the Bank and apply online. This website usually gives you the application form to fill out, as well as instructions on how to electronically sign the application. Once you fill it out the application will be processed and in less than a week you’ll know if you were approved for the credit limit increase.
One final way to get an instant increase in your credit limit is if you have a Bank Account that is currently holding onto a dormant credit line and if you can prove that you have been paying on that account regularly for a certain amount of time. Usually a card like this has a minimum payment that you must make monthly, but there is an option to increase your minimum payment by just $100 every single month. Then when the account does come due, the Bank will deduct the new minimum payment and immediately increase your credit limit by that amount. Again, you’ll need to call the Bank and speak with a Customer Service representative in order to verify the amount of time that it took for you to pay that account off. If you don’t have a Bank Account currently, you can check one of the many companies out there that offer pre-paid cards.
These are just a couple of ways that I was able to raise my credit limits, but you can use them as a guide. For most people, it would take them some time to accumulate the amount of money needed in order to get an increase in their credit limit. As long as you are willing to wait, and work at building good credit, you too can raise your credit limit with just a few short months of consistent payments. As I’ve said before, most Credit Card Companies offer a variety of different options for you, regardless of your credit history. So if you have bad credit, even though it’s now difficult, it doesn’t mean that it will never be possible for you to obtain a card for yourself.