Letter Request For Increase In Credit Limit
Description
How to fill out Sample Letter For Request For Salary Increase?
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FAQ
I now request of an increase of Rs. on my credit card limits. I have recently joined a new job at ABC, which requires me to travel more than before quite usually. My trips are usually sponsored by my company so there is absolutely no concern regarding the payments of bills if I use a credit card for the purpose.
Dear Sir/Madam, I am writing to request an increase in the credit limit on my credit card account with your bank. The reason for my request is that I have recently obtained a credit card from another bank that has a higher spending limit than my current card with your bank.
Your credit references were satisfactory, and we have granted you the credit for which you applied. Thank you for your letter requesting credit. Your credit history is exemplary, and we are pleased to offer you a $5,000 credit line. We want to welcome you as a new client with full credit privileges.
If needed, you can take the initiative and contact your bank or credit card company and ask for a credit raise. Highlight all the reasons you deserve one. Remind them of how faithful you've been at making payments or let them know about a recent raise in salary.
Explain why you want the increase. If it's a rewards card, so much the better. You can say, ?I'd really like to take greater advantage of your great rewards program, but I'm concerned about my utilization ratio getting too high.
