4 Tips on How to Increase Your Credit Card Limit (and How to Request per Bank)

Published: April 22, 2020 | Updated: February 10, 2021 | Posted by: Venus Zoleta | Credit Card

How to Increase Your Credit Card Limit | Moneymax

Asking the bank to raise your credit limit isn’t always a bad move—unless your only intention is to splurge on things you can’t afford.

A credit card limit increase boosts your spending power, which is extremely helpful in preparing for the unexpected, like a financial emergency or a crisis like the current COVID-19 pandemic. It helps you cover your needs without having to worry about maxing out your card.

With an increased credit limit, you can also meet your family’s growing needs. When you add supplementary credit cards to your account, you share just one credit line with all cards under your name. So getting a credit card limit increase makes sense in this situation.

How to Increase Credit Card Limit

How to Increase Your Credit Card Limit by Bank

There are two ways to get a higher credit card limit in the Philippines. Either you wait for the bank to automatically increase your credit limit, or you apply for a credit limit increase through the bank’s customer service representative.

If you choose the second option, be prepared to submit income documents to prove that you have sufficient income to pay for a higher monthly credit card bill.

Here’s how to apply for a credit card limit increase per bank in the Philippines.

AUB Credit Card

AUB credit cardholders may ask for a higher credit limit, subject to the bank’s approval. Just call the AUB Customer Service Contact Center at (02) 8282-8888 from Monday to Friday, 8:30 a.m. to 5:30 p.m. The request may also be coursed through email via customercare@aub.com.ph.

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BPI Credit Card

To request an increase in credit limit, call the BPI Express Phone Hotline (889-10000). You’ll be asked to submit income documents such as income tax return (ITR) or payslips, which BPI will use to evaluate if you’re creditworthy enough to get a higher credit card limit.

Citi Credit Card

Need a higher Citibank credit card limit? Here’s the process you have to go through when applying for a Citi credit limit increase:

1. Email your complete name, credit card number, and any of these documents to income@citi.com:

For employed Citi cardholders:

  • Latest one-month payslip
  • Certificate of Employment issued within the last 60 days
  • Latest ITR with BIR or bank stamp
  • Latest BIR Form 2316 with employer’s signature

For self-employed Citi cardholders:

  • Latest ITR and latest audited financial statement (both with BIR or bank stamp) and phone number of accountant.

2. Your application will undergo credit evaluation. Within seven to 10 business days after submitting the requirements, check the status of your request for credit limit increase by calling CitiPhone at (02) 8995-9999.

3. Citibank may either approve, reject, or give a lower credit limit than the requested amount depending on the results of the credit evaluation. If the bank approves the credit limit increase, it will be shared across all Citi credit cards and will appear in your Citibank Online account within seven to 10 business days from the application date.

Read more: Don’t Let Credit Card Fraud Happen to You: Here Are Some Tips

EastWest Bank Credit Card

Here are the different ways to inquire about the requirements and apply for an increase in your EastWest credit card limit:

  • 24/7 Customer Service Hotline – (02) 888-1700
  • Domestic toll-free hotline – 1-800-1888-8600
  • Email – cards@eastwestbanker.com

HSBC Credit Card

HSBC cardholders can request either an increase or a decrease in their credit limit. Simply call the HSBC Customer Support Centre at (02) 8858-0000. Your application is subject to the bank’s credit approval.

Maybank Credit Card

Increasing your Maybank credit card limit can be just a phone call away. Here’s how to contact Maybank for this purpose:

  • 24/7 Maybank Customer Service Hotline – (02) 8588-3888
  • PLDT Domestic Toll-Free Hotline – 1-800-10-588-3888

Applications for Maybank credit card limit increase are subject to credit evaluation.

Metrobank Credit Card

Metrobank accommodates requests for a temporary or permanent credit limit increase through Facebook Messenger[1]. Just visit the official Metrobank Card Facebook page and send a message. A live customer service representative is available from Mondays to Fridays, 9 a.m. to 4 p.m., to assist you with your application for Metrobank credit card limit increase.

PNB Credit Card

PNB allows its cardholders to apply for an increase in credit limit via email. Here’s how:

1. Download the PNB Cardholder Request Form[2].

2. Fill out the form. Put a checkmark next to “Please increase my credit limit/s to” and indicate your desired credit limit amount in PHP or USD. Sign at the bottom of the request form.

3. Email the accomplished form together with any of these income documents to pnbcreditcards@pnb.com.ph:

  • Latest one-month payslip
  • Latest ITR
  • Latest two-month billing statements of a non-PNB credit card

RCBC Credit Card

Contact the RCBC Bankard Customer Service hotline at (02) 8888-1888 or send an email to service@rcbcbankard.com for your request for a credit limit increase.

Security Bank Credit Card

You can apply for an increase in credit limit only if your Security Bank credit card has been active for at least 12 months. To request a Security Bank credit limit increase, call the hotline at (02) 8887-9188.

You’ll be required to submit at least one of the following income documents:

  • Latest three-month payslip
  • Certificate of Employment
  • Latest ITR

These documents will be the basis, among several others, of Security Bank’s decision on whether to give you a higher credit limit or not.

4 Tips to Improve Your Chance of Getting Approved for a Credit Limit Increase

How to Increase Your Credit Card Limit - Tips for Cardholders

Raise your odds of getting the bank’s approval for an increase in your credit card limit. Here are a few tips to help you out.

1. Don’t Ask Too Soon

Typically, banks review their clients’ credit card accounts every after six to 12 months. Requesting a credit limit increase when you’ve been a customer for less than six months reeks of desperation and could raise a red flag.

2. Make Sure You’re Creditworthy

Any application for a credit card limit increase goes through the bank’s evaluation process. Factors such as your credit score, income, and employment status are considered before making a decision.

Also, the bank sees you as creditworthy if you’ve been a good client for at least six to 12 months. This means you’ve been paying your credit card bills on time and spending within your credit limit.

If you meet all those eligibility requirements and submit complete supporting documents, then you have fairly good chances of getting approved for a higher credit limit.

Related: Credit Card Limit: What is It and How Do Banks Determine It?

3. Explain Why You Deserve a Credit Card Limit Increase

Rather than making an appeal to emotion (like telling the bank representative about the difficult financial situation you’re in), focus on the logic of your request.

Offer sensible reasons why you should get a credit limit increase. Here are some examples:

You can even write a pitch and have it ready when you contact the bank’s customer service staff.

4. Don’t Ask for Too Much

Be prudent when requesting a credit card limit increase. You can ask for a 10% to 25% increase—anything higher than that can be seen as a red flag.

Final Thoughts

Applying for an increase in your credit card limit is easy. The most difficult part is getting the bank’s approval. As always, the key to having your credit limit increased is to use your card responsibly and be consistent in your payments.

If your request is rejected, you can get a new credit card with a higher credit limit instead. Check out your options for cards that suit your needs here at Moneymax.

(Photos from Freepik)

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