Get a new Credit Card or increase the amount.?

Question

I've had my Credit Card from First Premier Bank for two years now. I pay my whole amount on time every month. My score has gone up but I was wondering which would be better to boost my credit up even more. Get a new card from them, a different company, or just increase my amount on my current card.

? · Accepted Answer

I'd increase the amount on your current card.  But they won't let you increase it by very much.  If you get a second credit card and are faithful about paying it, it could help raise your credit score and will give you access to more money on credit.  However, the more cards you have and the higher the credit limit, the more likely you are to accumulate debt.  You should avoid accumulating debt like you would avoid a plague.

StephenWeinstein · Answer

Do not get a new card.

Either do nothing (which would be best) or increase the amount on your current card.

coraann · Answer

Every time a person even applies for another credit card, their credit score is
damaged. Increase your limit, but not by much at one time.

Alright alright alright · Answer

increase ! on that card just call them and state your purpose of doing with the card maybe its a 300$ card and you want to increase it to 500$ and so on etc.Be careful don't get in over your head!

Get a new Credit Card or increase the amount.?

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