If you’re not happy with your credit limit, you can ask for a higher limit from your bank or credit card provider.
However, if you’re a new customer, it’s a good idea to wait for several months first. This is so the lender can see that you reliably make repayments on the credit amount initially agreed with you.
If you exceed your existing limit on your card or miss any payments, your card provider is unlikely to agree to increase your limit.
How you manage your overdraft will usually appear on your credit report, and might affect your chances of being approved for other kinds of credit.
When you’ve been with a bank or card provider for a while, they might offer you a higher credit limit without you having asked for it.
You don’t have to accept this. You can reject the proposed increase (or ask for a smaller increase). And you can also make it clear when you take out the card, or at any point, that you don’t want to be offered any future increases. For example, you might be worried you would be tempted to overspend.
If you decide you don’t want an increase, let the card provider know – they should make it easy for you to opt out.