Having a credit card provides convenience with payments. If you own one, you might be thinking of increasing your credit limit for upcoming expenses. Learn more how you can increase your credit limit today.
How to Increase Credit Limit
Here are the ways to increase your credit card limit in the Philippines.
Call the Bank
One of the best ways to increase your credit limit is to call your bank issuer. You may provide the details of your account and request for an upgraded limit. Simply use their customer service hotline to request.
Automatic Increase
Another way is to wait for the automatic upgrade from the credit card’s system. If you have been a good payer, with full amount and before the due date, you are qualified for a credit card limit increase.
Social Media
Through the official channels of the banks, you may also request for an increase in credit limit. One example if by using their official social media account thru chat.
Emailing is also fine and you may request for a limit increase. Provide your credentials and put the limit increase in the subject line.
ITR (Income Tax Return)
You may also provide income tax return with an updated figures. This way, it would be easier for the bank to decide in increasing your limit.
Other Credit Cards
If you have credit cards from other banks, they may also serve as a good proof that you have the cpaacity to pay for more purchases.
Mobile App
Some credit card apps have a built in credit limit increase feature. Depending on the issuing bank, you may click the desired amount. However, they may also have limited range for an increase.
Bank Contact Details for Credit Card Limit Increase
BPI – 889-10000
Unionbank – 8841-8600, customer.service@unionbankph.com
Metrobank – 88-700-700, customercare@metrobank.com.ph
Security Bank – 8887-9188
Maybank – 8588-3888
HSBC – 8858-0000 or 7976-8000
PNB – pnbcreditcards@pnb.com.ph
RCBC – 8888-1888, email@service.rcbcbankard.com
How Fast is Request Approval
The time it takes for a credit limit increase may be instant to 5 business days. Some apps can have an instant effect to your credit card while other banks need to ask for supporting documents.
How to Get Approved
Here are some of the basic conditions that lead to a credit limit increase approval:
On time payment
Full payment of dues
Good credit score
Existing credit cards from other banks
Increase income tax return
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